Tata Motors Q4 Results 2022: Domestic auto major Tata Motors on Thursday reported a net loss of Rs 992.05 crore for the fourth quarter ended March 2022.
The company posted a consolidated net loss of Rs 7,585.34 crore during the same period last fiscal, Tata Motors said in a regulatory filing.
Total revenue from the activities stood at Rs 78,439.06 crore in the fourth quarter, compared to Rs 88,627.90 crore in the year-ago period, it added.
On an individual basis, the automaker had a net profit of Rs 413.35 crore during the period under review against a net profit of Rs 1,645.68 crore in the fourth quarter of 2020-21.
Total income from activities in the fourth quarter stood at Rs 17,338.27 crore as against Rs 13,480.42 crore in the year-ago period.
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Tata Motors Q4 Result: Key Highlights
Jaguar Land Rover (JLR): Revenue was £ 4.8 billion, up 1% from Q4 FY22, Q3 FY22, partly reflecting the high wholesale offset from previous generation Range Rover’s runout effects, with the new Range Rover still ramping up. The EBIT margin for the quarter was 2.0%, up from the previous break-even (£ 9 million) profit before the 43 (43) million exceptional charge for our business in Russia. Free cash flow increased to 340 million, from £ 164 million in Q3.
Tata Commercial Vehicle (Tata CV): The Tata CV business continues to show strong sequential recovery led by the MHCV segment. The business posted its highest quarterly earnings since Q4’FY19 and increased market share in all segments. Despite lower margins due to commodity inflation, the impact on PBT (bei) of ₹ 607 crore in Q4 was less due to higher operating leverage from revenue.
Tata Passenger Vehicle (Tata PV): Tata PV Business 4 FY 22 has undergone a major change with maximum quarterly earnings including ₹ 10.5 K Cr (+ 62%), positive EBIT 1.2% and positive free cash flow. EV volume increased to 9.1K units in Q4 and PV market share increased to 13.4% (+ 440bps). Strong demand and quick supply action for the “New Forever” range has led to this strong performance.
Outlook: Demand remains strong despite geopolitical and inflationary concerns. The supply situation is slowly improving, with commodity inflation likely to remain high. We expect China to improve the supply of covid and semiconductors within the year and reach a near-automated debt-free approach by 2024 with the aim of providing strong EBIT improvement and free cash flow in FY23.
Shares of Tata Motors closed at Rs 371.90 today, down 4.2 per cent from Wednesday’s close on the NSE.
With input from PTI