Tata Motors is one of India’s biggest and most respected automobile companies. It is a part of the Tata Group and makes Cars, Trucks, Buses, and even luxury vehicles through its UK-based subsidiary, Jaguar Land Rover (JLR). In the financial year 2023-24 (FY24), Tata Motors showed strong growth and performance. In this article, we will look at Tata Motors’ financial data, achievements, and plans for the future in simple and easy-to-understand.
Tata Motors Financial Performance in FY24
Total Revenue: Tata Motors earned a total revenue of ₹4,37,928 crore in FY24. This is a big jump of 26.6% from ₹3,45,967 crore in the previous year (FY23). This means the company sold more vehicles and services, and its business grew very well.
Net Profit: The company made a net profit of ₹31,807 crore, which is a huge rise from ₹2,690 crore in FY23. This increase in profit shows the company managed its costs better and sold its products successfully.
EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization): EBITDA reached ₹62,800 crore, and the EBITDA margin improved from 10.7% to 14.3%. A higher EBITDA margin means the company earned more profit from every rupee of sales.
Free Cash Flow: Tata Motors generated ₹26,925 crore in free cash flow. This is the money left after expenses, and it can be used to invest in the future or reduce debt. In FY23, free cash flow was ₹7,840 crore.
Segment-Wise Performance of Tata Motors
Jaguar Land Rover (JLR)
- JLR earned £28.995 billion, 27.1% more than last year.
- Pre-tax profit was £2.5 billion.
- EBIT (Earnings Before Interest and Tax) margin was 8.5%.
- JLR became net cash positive, ending the year with £278 million in net cash.
Commercial Vehicle of Tata Motors
- This segment earned ₹78,790 crore, 11.3% more than last year.
- Profit for CVs was ₹6,100 crore, the highest ever.
Passenger Vehicles of Tata Motors
- Revenue reached ₹52,353 crore, growing by 9.4%.
- Tata Motors gained a 13.9% market share in passenger cars.
- It remained the top electric vehicle (EV) seller with 73.1% market share in India.
Q4 FY2024 Results of Tata Motors
In the last quarter of FY24: Tata Motors made a net profit of ₹8,556 crore, which is less than ₹17,528 crore in Q4 FY23. This drop was mainly because the company got a one-time tax credit of ₹9,000 crore in Q4 last year. Revenue was ₹1,19,000 crore, almost the same as last year. Tata Motors declared a final dividend of ₹6 per ordinary share and ₹6.20 per ‘A’ ordinary share. The company reduced its net automotive debt by ₹27,665 crore to reach ₹16,022 crore.
Future Plans of Tata Motors
Tata Motors plans to keep growing in all areas. The company expects slower growth in the first half of FY25 but is confident about improving in the second half. It will focus on:
Making new and better electric cars
Growing market share in both commercial and passenger vehicles
Improving customer service and product quality
Conclusion
Tata Motors has delivered a very strong performance in FY24, with record profits and revenue. The company’s efforts in electric vehicles, sustainability, and global operations are clearly paying off. With a focus on innovation and future growth, Tata Motors is set to stay ahead in the automobile industry.
Whether you’re an investor, customer, or someone who follows the auto sector, Tata Motors’ journey in FY24 is a story of smart planning and strong execution.
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