Tata Motors Q4 results: Auto giant beats estimates, consolidated PAT rises to ₹5,408 cr, revenue up 35%. Details here4 min read 12 May 2023, 05:11 PM IST
Tata Motors remain optimistic about the demand situation despite near-term uncertainties and expect a moderate the inflationary environment in the near term.
Auto giant, Tata Motors surpassed estimates in consolidated net profit to ₹5,407.79 crore in the fourth quarter of FY23, against a net loss of ₹1,032.84 crore in the same quarter a year ago. Sequentially, the Q4FY23 PAT saw a growth of nearly 83%. The company's top-line front came in strong with an upside of over 35% YoY in revenue. Furthermore, the Tata Group-backed firm has announced a dividend for FY23.
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