Tata Motors shares has doubled in 2023. It has cross 800 marks with rising more than 6% in intraday and closed on 754. Market cap of the firm rose to Rs 2.58 lakh crore.
Tata Motors reported a net profit of Rs 3,764 crore in the last quarter against a loss of Rs 944.61 crore in the September 2022 quarter. Revenue climbed 32% to Rs 1.04 lakh crore in Q2 against Rs 78,846 crore in the corresponding period of the preceding fiscal. Operating margin in percentage terms rose to 13.19% in the last quarter against 7.67% in the September 2022 quarter.
EBITDA surged 86.4% to Rs 14,400 crore.
Earnings per share rose to Rs 9.81 in the last quarter against (minus) Rs 2.47 in the September 2022 quarter. Debt to equity ratio fell to 2.23 in Q2 of this fiscal against 5.21 in the September 2022 quarter. it is one of the nifty 50 share who has given the return of more than 100%