Yes, Tata Motors has declared a dividend for the first time since 2016. The company’s board of directors approved a final dividend of Rs 2 per share for TATA Motors shareholders and Rs 2.10 per share for TATA Motors DVR shareholders of the face value of Rs 2 each, for the financial year ended March 31, 2023. The total dividend payout is estimated to be Rs 1,800 crore.
Financial Results (Q4 FY2023) – QoQ Comparison
|Financials||Q4 FY2023||Q3 FY2023||% Change|
|Total Income||₹107509.28 crs||₹89618.97 crs||19.96%|
|Net Profit||₹5407.79 crs||₹2957.71 crs||82.84%|
Financial Results (Q4 FY2023) – YoY Comparison
|Financials||Q4 FY2023||Q4 FY2022||% Change|
|Total Income||₹107509.28 crs||₹79341.61 crs||35.50%|
|Net Profit||₹5407.79 crs||₹-1032.84 crs||623.58%|
The dividend declaration is a positive sign for Tata Motors and its shareholders. It shows that the company is in a strong financial position and is able to generate profits. The dividend will also provide much-needed liquidity to shareholders.
Tata Motors is one of the largest automobile manufacturers in India. It has a strong presence in the passenger vehicle, commercial vehicle, and electric vehicle segments. The company has been improving its financial performance in recent years. It has launched new products, expanded its distribution network, and reduced costs. These efforts have helped the company to improve its profitability.
The dividend declaration is a positive step for Tata Motors. It shows that the company is on the right track and is committed to returning value to its shareholders.