Tata Motors consolidated Q4 net profit falls 48% to Rs 1,117 crore
Tata Motors's consolidated net profit attributable to shareholders almost halved in the quarter ended March 31. The company reported a profit of Rs 1,117.48 crore for the March 2019 quarter, compared to a profit of Rs 2,125.24 crore in the same period a year ago.
Tata Motors's consolidated net profit attributable to shareholders almost halved in the quarter ended March 31. The company reported a profit of Rs 1,117.48 crore for the March 2019 quarter, compared to a profit of Rs 2,125.24 crore in the same period a year ago.
The company's total revenue fell to Rs 86,422.02 crore in the fourth quarter, compared to Rs 89,928.97 crore in the same quarter of 2018.
A CNBC-TV18 poll expected a net profit of Rs 825 crore on revenue of Rs 86,491 crore.
"Our domestic business delivered a resilient performance in the face of challenging market conditions. We have continued to step up our pace of innovation, improved our market shares as well as our profitability," said chairman N Chandrasekaran.
"In JLR, we continue to face challenges in China which we are addressing on priority," he added.
Tata Motors' domestic business posted a standalone net profit of Rs 106.19 crore for the quarter, compared to a net loss of Rs 499.94 crore a year ago.
Revenue from Jaguar Land Rover Automotive declined 5 percent to Rs 65,146 crore.
For the fiscal year 2018-19, the company posted a consolidated net loss of Rs 28,724.20 crore, compared to a net profit of Rs 9,091.36 crore in the year 2017-18.
First Published: May 20, 2019 4:33 PM IST
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