With a consolidated net profit of ₹17,483 crores (adjusted for exceptional gains and losses) for Q4FY24, Tata motors has surpassed TCS’ consolidated net earnings of ₹12,434 crore.
This has happened for the first time in 10 years!
For Tata Motors, there has been a 213.7 per cent YoY increase in the bottom line, from ₹5,573.8 crores a year ago.
On the contrary, the group’s IT firm and also India’s largest IT company saw a rather modest Y-o-Y growth of 9.1 per cent in net profit, from ₹11,392 crores.
Yet to declare the results for Q4FY24, another major company under the Tata canopy is Tata Steel. Last time the company held the most profitable spot was in the June 2014 quarter. It was back then when the company reported an adjusted net profit of 5,330.6 crore, against TCS’ ₹5,186.6 crore and Tata Steel’s ₹400.6 crore.
