Tata Motors Q4: Profit Up 46%; Insights Revealed

1. Q4 Financial Highlights:
   • Tata Motors reported a 45.67% year-on-year rise in consolidated net profit for the March quarter, reaching Rs 17,529 crore.
   • Consolidated sales for the quarter stood at Rs 1,19,986 crore, marking a 13.3% increase.
   • Ebitda margin for the quarter was 14.9%, up 160 basis points year-on-year.
   • Net automotive debt further reduced to Rs 16,000 crore.
2. Outlook for H1 and Domestic Demand:
   • Tata Motors remains cautiously optimistic about domestic demand over the full year but expects H1 to be relatively weaker.
   • The premium luxury segment demand is expected to remain resilient despite concerns about overall demand.
3. JLR Focus and Financial Performance:
   • Jaguar Land Rover (JLR) revenue for the quarter stood at £7.9 billion, up 11% year-on-year.
   • Profit before tax (PBT) in Q4 was £661 million, with an EBIT margin of 9.2%.
   • JLR reported free cash flow of £892 million for the quarter and £2.3 billion for the full year, with a cash balance of £4.2 billion and net debt of £0.7 billion.
4. Comments from Tata Motors CFO and JLR CEO:
   • Group Chief Financial Officer PB Balaji highlighted the highest-ever revenues, profits, and free cash flows for Tata Motors Group.
   • JLR CEO Adrian Mardell expressed gratitude for strategic progress and record financial performance, emphasizing sustained global demand and operational improvement.
5. Tata Motors FY24 Dividend:
   • The Tata Motors board recommended a final dividend of Rs 3 per ordinary share and Rs 3.10 per A ordinary share, along with a special dividend of Rs 3/- per ordinary share and Rs 3.10 per A ordinary share, subject to approval by shareholders.

These details provide a comprehensive overview of Tata Motors’ Q4 financial performance, outlook, and dividends for the fiscal year 2023-24.