Tata Motors Q4 net triples to ₹17,407 crore as JLR buoys

The Jaguar Land Rover unit posted a 11% YoY increase in revenue to £7.9 billion, helping lift overall pro tability at the maker of EVs and trucks; says ‘cautiously optimistic’ on FY25 domestic demand

Tata Motors Ltd. reported fourthquarter consolidated net pro t surged more than threefold to ₹17,407.18 crore, from ₹5,407.79 crore in the year-earlier period, propelled by a strong showing at its Jaguar Land Rover ( JLR) luxury unit and a jump in tax credit.

Revenue for the quarter ended March 31 rose 13.5% to ₹1,19,213.35 crore.

JLR logged “another record-breaking quarter” in Q4, the company said. Revenue rose 11% YoY to £7.9 billion, which was 6% higher on a sequential basis.

“We have delivered a record nancial performance... generating free cash§ow of £2.3 billion, enabling us to reduce net debt to £0.7 billion, JLR CEO Adrian Mardell said in a statement.

For FY24, consolidated net pro t vaulted more than 13-fold to ₹31,399.09 crore as revenue climbed 27% to ₹4,34,984.12 crore.

“It is pleasing to report the FY24 results... Tata Motors Group delivered its highest-ever revenues, pro ts, and free cash §ows,” Tata Motors Group CFO P.B. Balaji said on a post-earnings call. “We are on track to become net automotive debt free on a consolidated basis in FY25,” he added.

“We remain cautiously optimistic on domestic demand over the full year and expect H1 to be relatively weaker,” the company said in the statement.