The company’s net profit increased on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income.

Net sales jumped 19.06% year on year (YoY) to Rs 36,697.5 crore in the quarter ended 31 March 2024.

Profit before tax increased 53.55% to Rs 4,997.8 crore in Q4 FY24 from Rs 3,254.8 crore recorded in the corresponding quarter previous year.

The company sold a total of 5,84,031 vehicles in Q4 FY24, registering a growth of 13.4% as compared to 5,14,927 vehicles sold in the same period a year ago.

The auto major's sales in the domestic market stood at 5,05,291 units (up 12.2% YoY) and sales in the export market was at Rs 78,740 units (up 21.7% YoY) during the period under review.

Operating EBIT in Q4 FY24 was at Rs 3,956...

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