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Tata Motors shares leap over 8% after Q4 earnings

Tata Motors shares jump over 8% after Q4 earnings

NEW DELHI: Shares of Tata Motors rallied over 8 percent in early trade on Friday, a day after the company reported constricting of combined net loss at Rs 992.05 crore in the fourth quarter ended March 2022. The stock leapt 8.30 percent to Rs 403 on the BSE.
At the NSE, it zoomed 8.31 per cent to Rs 403.25 each.
Home-grown automobile significant Tata Motors on Thursday reported constricting of combined bottom line at Rs 992.05 crore in the fourth quarter ended March 2022, amidst challenges of semiconductor lack and increasing inflation.
The company had actually posted a combined net loss of Rs 7,585.34 crore in the exact same period last financial, Tata Motors said in a regulatory filing.
Its total combined earnings from operations stood at Rs 78,439.06 crore in the 4th quarter, as versus Rs 88,627.90 crore in the year-ago duration, it added.
On a standalone basis, the car manufacturer reported a net revenue of Rs 413.35 crore in the period under evaluation, as versus a net revenue of Rs 1,645.68 crore in the 4th quarter of 2020-21.
Standalone total revenue from operations stood at Rs 17,338.27 crore in the 4th quarter, as compared to Rs 13,480.42 crore in the exact same duration of the previous fiscal, Tata Motors said.
“The crucial emphasize of this particular quarter is the consecutive healing that we saw across all businesses, despite the challenges that we had on semiconductors and inflation,” Tata Motors Group CFO P B Balaji stated in an earnings call.
Released at Fri, 13 May 2022 05:15:49 +0000

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