Tata Motors on a bull’s run post results

Tata Motors, the flagship company of Tata group on May 30 post market hours has declared its Q4 results. The company has reported positive earnings in the March quarter. The company’s net profit stands at Rs 5178 crores, which is up by 48 per cent as compared to the corresponding period of the previous fiscal.

EBITDA and total income has increased by 126 and 12 per cent respectively. Consolidated total income stands at Rs 80684.41 crores and EBITDA for the period stands at Rs 11387.17 crores. The company has managed to post a strong top line growth.

On a yearly basis, the net profit stands at Rs 11024 crores which is down by 21 per cent. EBITDA stands at Rs 36756.23 crores. However, total income has been impressive and has increased by 2 per cent over the last fiscal annually.

Strong sales of Jaguar Land Rover and higher demand for trucks in domestic market has doubled the net profit in the latest quarter.

Tata Motors Limited is an Indian automobile company. The company manufactures two kinds of vehicles- Commercial and Passenger. Apart from this, the company is also involved in construction equipment, engineering solutions and software operations. Its manufacturing plants are situated at Jamshedpur in the East, Pune and Sanand in the West and Lucknow and Pantnagar in the North. 

The shares on the bourses, on Tuesday have opened positive on strong Q4 results and are trading at Rs 462, which is up by 10 per cent on an intraday basis. The shares are at its 3 months high and the share prices have increased by more than 17 per cent.