Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

Krishna Kant Mumbai
Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23

Led by Tata Motors and Tata Consultancy Services (TCS), the combined revenue of the Tata group’s listed firms crossed the Rs 10-trillion mark for the first time, in 2022-23. The group’s 14 key listed companies in which Tata Sons holds a direct equity stake reported a combined revenue of Rs 10.07 trillion in FY23, up 15.3 per cent from Rs 8.73 trillion in FY22.

The combined net profit of these companies was, however, down 10.6 per cent year-on-year (YoY) at Rs 66,670 crore in FY23, from a record high of Rs 74,540 crore in the previous financial year, when the profit had jumped 156 per cent YoY, aided by Tata Steel’s strong showing.
If all the listed Tata group companies are seen as a single business entity, it would be the 64th-biggest corporation globally with revenue of $125 billion, behind Russia’s Lukoil which reported revenue of $125.3 billion on a trailing 12-month basis, but ahead of Japan&rs

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First Published: May 21 2023 | 11:15 PM IST

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