Tata Group's FY24 report

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Notable information from the Tata Group's FY24 report includes:

1. Aviation Sector Recovery: Losses in Tata Group’s aviation business reduced significantly from Rs 15,414 crore to Rs 6,337 crore. Air India, privatised in 2022, achieved its highest revenue at Rs 51,365 crore, a 24% increase from the previous year.

2. Digital and Electronics Growth: The division experienced a substantial 148% growth, reaching Rs 1,612 crore, despite a rise in net losses to Rs 2,223 crore.

3. InterGlobe Aviation’s Performance: IndiGo's operator reported robust financial results with Rs 68,904 crore in revenue and a net profit of Rs 8,167 crore.

4. Operational Metrics: Air India improved its turnover by 23% to Rs 38,812 crore and reduced losses to Rs 4,444 crore. Tata SIA Airlines (Vistara) also saw a 29% rise in turnover and reduced losses significantly.

5. Tata Digital Success: Tata Digital reported 20.76 million transacting customers and a gross merchandise value (GMV) of Rs 37,355 crore.

6. Tata Sons Financial Performance: Net profit surged by 57% to Rs 34,654 crore, with a revenue increase of 25% to Rs 43,893 crore. The highest-ever dividend of Rs 35,000 per share was distributed.

7. Executive Compensation: Tata Sons Chairman N Chandrasekaran’s compensation for FY24 was Rs 135 crore, up nearly 20% from the previous year, reflecting his significant role in the group's performance.

These points highlight the group's strategic adjustments, sectoral performances, and financial health.

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