Tata Motors soars on reporting over 2-fold jump in Q3 consolidated net profit
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Tata Motors is currently trading at Rs. 944.95, up by 66.15 points or 7.53% from its previous closing of Rs. 878.80 on the BSE.
The scrip opened at Rs. 942.00 and has touched a high and low of Rs. 945.75 and Rs. 915.20 respectively. So far 1049022 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 945.75 on 05-Feb-2024 and a 52 week low of Rs. 400.40 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 945.75 and Rs. 811.00 respectively. The current market cap of the company is Rs. 292011.80 crore.
The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.
Tata Motors has reported 9-fold jump in net profit at Rs 4570.05 crore for the third quarter ended December 31, 2023 as compared to Rs 506.19 crore for the same quarter in the previous year. Total income of the company increased by 17.84% at Rs 18815.38 crore for Q3FY24 as compared Rs 15967.16 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported over 2-fold jump in its net profit at Rs 7145.43 crore for Q3FY24 as compared to Rs 3,043.15 crore for the same quarter in the previous year. Total income of the company increased by 25.06% at Rs 112075.94 crore for Q3FY24 as compared Rs 89618.97 crore for corresponding quarter of the previous year.
