Tata Steel and Tata Motors Q1 Result Released

Tata Steel, a leading steel company, reported an increase in net profit of 75%, reaching ₹918.57 Cr for the quarter ending June 2024. Tata Motors reported its consolidated net profit increased 74% from ₹3,203 Cr in the quarter ending June 2024.

Tata Steel rise in net profit is due to the company’s successful reduction of expenses. In the same period last year, the company had a net profit of ₹524.85 Cr. Even though the company’s income decreased by ₹5635 Cr and its revenue from operations went down by ₹4719 Cr, still the company managed to achieve higher profits this time. The growth of Tata Motors was driven by the strong performance of JLR (Jaguar Land Rover) and its businesses in India. The total income of the company rose upto ₹1,09,623 Cr in June quarter of the FY24.

About Tata Steel

In 1907 Tata Steel was established by Jamsetji Nusserwanji Tata. With an annual crude steel capacity of 35 MnTPA, today Tata Steel is one of the leading steel companies globally. The company is one of the world's most geographically diverse steel producers, and it also reported a standalone turnover of ₹1,42,902 Cr in FY24.The company has manufacturing facilities in India, the UK, the Netherlands, & Thailand. Tata Steel seeks to double its production capacity in India. The company is dedicated to a sustainable future and has set a goal to reach Net Zero emissions by 2045.

Shares of Tata Steel

Tata Steel has achieved a market capitalization of ₹2,03,544 crore, with a price-to-earnings (P/E) ratio of 102. Over the past three years, the stock has delivered returns of over 10% to investors and has generated a remarkable return of over 280% in the last five years. Promoters maintain a significant stake, holding over 30% of the total shareholdings.

About Tata Motors:

Tata Motors, a part of the Tata Group, has a rich history that began in 1945 when it was founded as Tata Engineering and Locomotive Co. Ltd. (TELCO). The company entered the automotive industry by producing commercial vehicles. The Mercedes-Benz, which is an eye of all time came to India due to the partnership between Tata Motors and Daimler-Benz in 1954. It is globally present in 125 countries. A major milestone for Tata Motors was in 1983 when it introduced its first commercial vehicle - the Tata 407.Tata Sierra, the first SUV car to be designed and produced in India, by Tata Motors. The company built a car with an in-built PlayStation in 2003. They also own JLR- Jaguar Land Rover, Britain’s luxury car brand.

Shares of Tata Motors:

Tata Motors has achieved a market capitalization of ₹4,20,299 Cr, with a price-to-earnings (P/E) ratio of 12. Over the past three years, the stock has delivered returns of over 250% to investors and has generated a remarkable return of over 700% in the last five years. Promoters maintain a significant stake, holding over 40% of the total shareholdings.