Despite this, TCS remains the most profitable firm in the Tata group in terms of annual profit
 "Tata Motors overtakes TCS as group's most profitable firm after 10 years (1)")
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Tata Motors
Krishna Kant Mumbai
4 min read
Last Updated :
May 14 2024 | 11:48 PM
IST
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Tata Motors reported a consolidated net profit of Rs 17,483 crore (adjusted for exceptional gains and losses) for Q4FY24, surpassing TCS’ consolidated net earnings of Rs 12,434 crore.
For the automotive major, this marked a 213.7 per cent year-on-year increase in the bottom line, from Rs 5,573.8 crore a year ago. In contrast, India’s biggest IT firm saw a more modest Y-o-Y growth of 9.1 per cent in net profit, from Rs 11,392 crore.
Tata Steel — another major company in the Tata group — is yet to declare its results for Q4FY24.
In comparison, the combined net profit of 16 Tata companies
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