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Monday, May 16, 2022

Tata Motors: Stocks jump 8% over Q4 results


Tata Motors shares jump over 8% after Q4 earnings

 NEW DELHI: Shares of Tata Motors energized north of 8% in early exchange on Friday, a day after the organization announced restricting of solidified total deficit at Rs 992.05 crore in the final quarter finished March 2022. The stock bounced 8.30 percent to Rs 403 on the BSE.


At the NSE, it zoomed 8.31 percent to Rs 403.25 each.


Local auto major Tata Motors on Thursday revealed restricting of united overal deficit at Rs 992.05 crore in the final quarter finished March 2022, in the midst of difficulties of semiconductor deficiency and rising expansion.


The organization had posted a united overal deficit of Rs 7,585.34 crore in a similar period last monetary, Tata Motors said in an administrative recording.


Its absolute united income from tasks remained at Rs 78,439.06 crore in the final quarter, as against Rs 88,627.90 crore in the year-prior period, it added.


On an independent premise, the automaker revealed a net benefit of Rs 413.35 crore in the period under audit, as against a net benefit of Rs 1,645.68 crore in the final quarter of 2020-21.


Independent all out income from tasks remained at Rs 17,338.27 crore in the final quarter, when contrasted with Rs 13,480.42 crore in a similar time of the past monetary, Tata Motors said.


"The vital feature of this specific quarter is the consecutive recuperation that we saw across all organizations, in spite of the difficulties that we had on semiconductors and expansion," Tata Motors Group CFO P B Balaji said in an income call.

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