Tata Motors Q4 net profit surges to ₹17,407 crore; to pay ₹6 dividend
Tata Motors reported a sharp jump in its fourth-quarter net profit at ₹17,407 crore on Friday, May 10, which was also aided by a tax credit of ₹8,159 crore. The Tata Group auto major’s revenue for the January-March quarter of the financial year 2023–24 rose to ₹1.20 lakh crore.
Tata Motors dividend amount and record date
Tata Motors also announced a dividend of ₹6 per share for its shareholders for FY24, which translates to 300% per equity share against a face value of ₹2.
“We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of ₹6.00 per Ordinary Share of ₹2 each (@ 300%) (₹3.00 normal dividend and ₹3.00 special dividend) and ₹ 6.20 per ‘A’ Ordinary Share of ₹2 each (@ 310%) (₹3.10 normal dividend and ₹3.10 special dividend) for the financial year ended March 31, 2024. The dividend, if declared at the AGM, shall be paid to the eligible shareholders on or before June 28, 2024,” the company informed in its exchange filing.