Tata Motors' Q4 net profit tripled to Rs 17,528.59 crore due to strong JLR performance and tax credit gains; company is now debt-free.
Tata Motors' net profit in Q4 soared over three-fold to Rs 17,528.59 crore, driven by strong performance from its British unit Jaguar Land Rover (JLR) and a rise in tax credit gains. The company's consolidated revenue from operations during Q4 amounted to Rs 1,19,986.31 crore, up 13.3% from the previous year. Tata Motors is now debt-free, with its automotive debt reduced to Rs 16,000 crore. The company remains optimistic about the domestic demand in the upcoming fiscal year and expects the luxury segment to remain resilient.
May 10, 2024
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