Key Points
Tata Sons, the holding company of the Tata group, recorded a 74 percent increase in consolidated net profit for FY24 at Rs 49,000 crore, according to the firms annual report..
Tata Sons saw its FY24 consolidated revenue rise by 15 percent to Rs 4.77 lakh crore compared to FY23..
The market value of Tata Sons listed investments increased by 35.7 percent to Rs 15,20,560.60 crore as of March 31, 2024, compared to Rs 11,20,545.24 crore in the previous year, the report added...
The revenue was 24.5 percent higher compared to the last financial year, the report said.. Tata Digital saw its portfolios user base growing to 20.76 million transacting customers, providing an aggregate merchandise value of Rs 37,355 crore, the annual report said.. Declaration of dividend..
The Mumbai-headquartered companys board of directors have recommended a dividend of Rs 35,000 double the amount of Rs 17,500 paid in FY23, which will involve a cash outflow of Rs 1,415 crore (from Rs 707 crore in FY23) if approved by the shareholders...
