Tata Motors surges ahead of Q4FY23 results as Street expects board to announce dividend

Tata Motors share price NSE, Tata Motors dividend announcement 2023: Tata Motors stock price surged on Friday ahead of the Tata Group firm's March quarter results wherein India's third largest car company by market share is expected to post net profit.

Tata Motors share price NSE: Tata Motors share price traded with gains on Friday, ahead of the Tata Group auto firm's fourth quarter results. Image: Reuters

Tata Motors share price NSE: Tata Motors share price traded with gains on Friday, ahead of the Tata Group auto firm's fourth quarter results. Tata Motors stock price opened at Rs 514 apiece and hit the day's high at Rs 520.40 per share, rising more than 1.5 per cent on BSE. So far, the total traded quantity (TTQ) was at 7.01 lakh shares. The Street will also await the board's decision on Tata Motors dividend, the first by the firm since FY16, if it materialises.

Tata Motors Q4 results expectations, Tata Motors Q4 results preview

Tata Motors is expected to post a consolidated net profit of Rs 2,550 crore in Q4FY23 on year-on-year (YoY) basis compared to a loss of Rs 1,033 crore the firm had posted in the corresponding period a year ago, as per Zee Business research estimates. The company had posted an exceptional loss of Rs 714 crore last year. Tata Motors Q4FY23 revenue is expected to rise by 23.7 per cent to Rs 97,000 crore YoY against Rs 78,439 crore the Tata Group auto major had posted a year ago in the same quarter. Margins are expected to improve to 11.5 per cent from 11.1 per cent on YoY basis.

TRENDING NOW

Tata Motors Q4FY23 EBITDA is expected to rise 28.3 per cent to Rs 11,200 crore on lower input costs. The Tata Group company had posted an EBITDA of Rs 8,727 crore in the same period a year ago.

ALSO READ | Tata Motors Result Preview: How Will Be The Results Of Tata Motors?

Tata Motors holds the third spot with a 14.2 per cent share in the Indian car market in terms of sales in April 2023, after Maruti Suzuki and Hyundai. The company sold 47,010 units in April 2023, up 13 percent YoY from 41,590 units sold in April 2022.