Tata Motors Limited (BOM: 500570)

Tata Motors Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	4,331,904	4,311,524	3,386,551	2,711,234	2,429,241	2,547,816
Other Revenue	68,703	67,753	73,118	73,302	68,706	68,990
Revenue	4,400,608	4,379,278	3,459,670	2,784,536	2,497,948	2,616,806
Revenue Growth (YoY)	9.53%	26.58%	24.25%	11.47%	-4.54%	-13.51%
Cost of Revenue	2,404,664	2,459,974	2,080,348	1,651,660	1,454,776	1,499,249
Gross Profit	1,995,944	1,919,304	1,379,322	1,132,876	1,043,172	1,117,557
Selling, General & Admin	552,763	517,073	396,901	356,722	320,331	380,528
Research & Development	116,987	109,587	106,620	92,095	52,266	41,885
Other Operating Expenses	699,933	666,833	528,372	414,680	345,840	478,050
Operating Expenses	1,635,474	1,566,194	1,280,496	1,111,854	953,905	1,114,718
Operating Income	360,470	353,110	98,826	21,022	89,267	2,840
Interest Expense	-75,391	-86,841	-91,888	-84,160	-72,689	-62,900
Interest & Investment Income	26,918	26,918	12,976	6,594	5,109	11,913
Earnings From Equity Investments	6,508	6,998	3,364	-740.6	-3,790	-10,000
Currency Exchange Gain (Loss)	9,242	-238.4	1,039	-786.8	17,322	-17,387
Other Non Operating Income (Expenses)	-13,017	-13,017	-10,367	-8,959	-8,282	-9,533
EBT Excluding Unusual Items	314,730	286,930	13,949	-67,029	26,936	-85,068
Merger & Restructuring Charges	-866.4	-866.4	-14.5	116.4	-154,076	-3,705
Gain (Loss) on Sale of Investments	2,871	2,871	4,222	3,557	2,142	-5,549
Gain (Loss) on Sale of Assets	-309.4	-309.4	2,054	-3,013	-	-
Asset Writedown	-1,018	-1,018	-2,300	-	10,684	-13,456
Other Unusual Items	1,524	-8,056	16,028	-4,406	5,782	-8,021
Pretax Income	316,931	279,551	33,939	-70,775	-108,532	-115,800
Income Tax Expense	-21,226	-38,516	7,041	42,313	25,419	3,953
Earnings From Continuing Operations	338,158	318,068	26,899	-113,088	-133,951	-119,752
Minority Interest in Earnings	-4,747	-4,077	-2,756	-1,327	-562.9	-956.2
Net Income	333,411	313,991	24,143	-114,415	-134,514	-120,709
Net Income to Common	333,411	313,991	24,143	-114,415	-134,514	-120,709
Net Income Growth	117.46%	1200.55%	-	-	-	-
Shares Outstanding (Basic)	3,439	3,831	3,830	3,829	3,637	3,461
Shares Outstanding (Diluted)	3,439	3,834	3,832	3,829	3,637	3,461
Shares Change (YoY)	-	0.06%	0.07%	5.28%	5.08%	1.91%
EPS (Basic)	96.94	81.97	6.30	-29.88	-36.99	-34.88
EPS (Diluted)	96.94	81.90	6.30	-29.88	-36.99	-34.88
EPS Growth	-	1199.75%	-	-	-	-
Free Cash Flow	453,056	549,406	260,591	52,434	172,249	123,138
Free Cash Flow Per Share	131.73	143.30	68.01	13.69	47.36	35.58
Dividend Per Share	-	3.000	2.000	-	-	-
Dividend Growth	-	50.00%	-	-	-	-
Gross Margin	45.36%	43.83%	39.87%	40.68%	41.76%	42.71%
Operating Margin	8.19%	8.06%	2.86%	0.75%	3.57%	0.11%
Profit Margin	7.58%	7.17%	0.70%	-4.11%	-5.38%	-4.61%
Free Cash Flow Margin	10.30%	12.55%	7.53%	1.88%	6.90%	4.71%
EBITDA	485,883	485,433	217,592	132,671	198,760	109,823
EBITDA Margin	11.04%	11.08%	6.29%	4.76%	7.96%	4.20%
D&A For EBITDA	125,413	132,323	118,767	111,649	109,493	106,983
EBIT	360,470	353,110	98,826	21,022	89,267	2,840
EBIT Margin	8.19%	8.06%	2.86%	0.75%	3.57%	0.11%
Effective Tax Rate	-	-	20.74%	-	-	-
Revenue as Reported	4,461,607	4,438,777	3,506,002	2,815,073	2,524,379	2,640,411
Advertising Expenses	-	92,207	60,354	48,637	43,846	76,142

Source: S&P Capital IQ. Standard template. Financial Sources.