Indian auto giant Tata Motors Q4 FY23 net profit soars to Rs 54.07bn
Tata Motors has reported a net profit of INR 5,407 crores for the quarter ending 31 March 2023 (Q4 FY23), compared to a loss of INR 1,032.8 crores in the same quarter for the previous fiscal year.
In the previous quarter, that is Q3 FY23, the Indian automobile manufacturer posted a net profit of INR 2,940 crores.
The earnings per share (EPS) in Q4 FY23 was INR 14.1 compared to a loss per share of INR 2.7 in Q4 FY22.
The total revenue of Tata Motors in Q4 FY23 was INR 1,05,016.7 crores, compared to INR 77,857 crores in the same quarter of the previous fiscal year. In the previous quarter, the total revenue was INR 87,783 crores.
Indian auto giant Tata Motors Q4 FY23 net profit soars to Rs 54.07bn. Photo courtesy of Tata Motors.
Commenting on Tata Motors Q4 FY23 results, PB Balaji — Tata Motors Group Chief Financial Officer said: “The year ended on a strong note with all automotive verticals delivering robust performances leading to multiple all-time high achievements.
“The distinct strategy employed by each business is delivering, in unison, leading to a sharp improvement in overall results. We remain confident on growth with cash flow generation, to achieve our stated goals.”