Tuesday, May 24, 2022
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Tata Motors shares leap about 8% soon after Q4 earnings – Hourly Primary Information


NEW DELHI: Shares of Tata Motors rallied above 8 for each cent in early trade on Friday, a working day after the business described narrowing of consolidated internet loss at Rs 992.05 crore in the fourth quarter ended March 2022. The stock jumped 8.30 for each cent to Rs 403 on the BSE.
At the NSE, it zoomed 8.31 for each cent to Rs 403.25 apiece.
Dwelling-grown car significant Tata Motors on Thursday claimed narrowing of consolidated internet loss at Rs 992.05 crore in the fourth quarter finished March 2022, amid problems of semiconductor lack and climbing inflation.
The organization experienced posted a consolidated web decline of Rs 7,585.34 crore in the same time period previous fiscal, Tata Motors said in a regulatory filing.
Its whole consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter, as against Rs 88,627.90 crore in the yr-in the past interval, it additional.
On a standalone foundation, the automaker noted a web income of Rs 413.35 crore in the time period below evaluation, as versus a net earnings of Rs 1,645.68 crore in the fourth quarter of 2020-21.
Standalone total revenue from operations stood at Rs 17,338.27 crore in the fourth quarter, as in contrast to Rs 13,480.42 crore in the exact time period of the prior fiscal, Tata Motors mentioned.
“The critical highlight of this particular quarter is the sequential restoration that we noticed across all businesses, in spite of the problems that we experienced on semiconductors and inflation,” Tata Motors Team CFO P B Balaji claimed in an earnings contact.





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