Tata Consumer, Bajaj Auto shares open in the red after Q4 numbers

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Tata consumer And Bajaj Auto It opened in the red on Wednesday despite better-than-expected fourth-quarter numbers. Tata Consumer was trading down 0.18 per cent at $788 a piece while Bajaj Auto was also down 0.17 per cent at ₹4,335 at 10.20am on BSE.

Drive good domestic demand in general Consolidated revenue of Tata Consumer Products In the March quarter it rose to 14 per cent while net profit rose about 24 per cent.

The company reported net profit of Rs. 268.6 crore on revenue of Rs. 3,618.7 crore. EBITDA at ₹511.7 crore increased by 15 per cent, and its margin shifted slightly to 14.14 per cent from 13.99 per cent last year.

In FY23, the company’s net profit increased by 28.6 per cent to INR 1,203.8 crore while revenue increased by 11 per cent to Rs 13,783 crore.

Bajaj Autoalthough there was a single-digit decline in PAT due to lower sales, it beat Street’s estimates for the quarter ended March 31, 2023. The auto giant posted a net profit of Rs. 1,433 crore in the fourth quarter of FY23, against a profit of Rs. 1,469 crore in the same period last year, registering a decrease of 2.5 per cent.