Tata Motors gains 10% amid narrowed Q4 net loss, strong demand outlook

The company guided for robust demand prospects (JLR order-book at 1.68 lakh units, up 13,000 units QoQ) coupled with healthy profitability going forward

Shares of Tata Motors surged 9.8 per cent to Rs 408.6 on the BSE in Friday’s intra-day trade after the passenger vehicle major reported narrowing of consolidated net loss (attributable to shareholders of the company) to Rs 1,033 crore for the quarter ended March 31, 2022 (Q4FY22). It had reported consolidated net loss of Rs 7,605 crore in the year-ago period and Rs 1,516 crore in December quarter.

The company's consolidated revenue declined 11 per cent to Rs 78,439 crore as against Rs 88,628 crore in Q4FY21. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margins contracted 320 bps