NEW DELHI: Home-grown auto primary Tata Motors on Wednesday reported a consolidated web profit Rs 2,175 crore within the fourth quarter, which is nearly part of the quantity it had reported in the similar length remaining fiscal. The automaker had reported a profit of Rs 4,336 crore within the March quarter remaining yr. In This fall, Tata Motors has witnessed a drop of 49.84 in line with cent in its web profit.
The corporate's source of revenue from operations stood at Rs 91,279 crore in This fall against Rs 78,747 crore within the remaining yr's March quarter, a enlargement of 15.91 in line with cent.
On a standalone foundation, Tata Motors said its web loss within the fourth quarter narrowed to Rs 500 crore. It used to be Rs 806 crore in the similar quarter a yr in the past.
Analysts polled via Thomson Reuters had anticipated the company to submit a web profit of Rs 3,840 crore.
The corporate said that for the fiscal yr 2018, retail sales grew 1.7 in line with cent year-on-year (yoy) to 614,309 vehicles, with call for up in China (19.9 in line with cent), North America (4.7 in line with cent) and in out of the country markets (3.4 in line with cent).
Tata Motors CEO and MD, Guenter Butschek said: "FY18 has been a hallmark year for Tata Motors with a record breaking sales performance, increase in market share and the standalore business turning profitable before one-time exceptional charges."
The corporate's source of revenue from operations stood at Rs 91,279 crore in This fall against Rs 78,747 crore within the remaining yr's March quarter, a enlargement of 15.91 in line with cent.
On a standalone foundation, Tata Motors said its web loss within the fourth quarter narrowed to Rs 500 crore. It used to be Rs 806 crore in the similar quarter a yr in the past.
Analysts polled via Thomson Reuters had anticipated the company to submit a web profit of Rs 3,840 crore.
The corporate said that for the fiscal yr 2018, retail sales grew 1.7 in line with cent year-on-year (yoy) to 614,309 vehicles, with call for up in China (19.9 in line with cent), North America (4.7 in line with cent) and in out of the country markets (3.4 in line with cent).
Tata Motors CEO and MD, Guenter Butschek said: "FY18 has been a hallmark year for Tata Motors with a record breaking sales performance, increase in market share and the standalore business turning profitable before one-time exceptional charges."
Tata Motors net profit drops nearly 50% in Q4
![Tata Motors net profit drops nearly 50% in Q4]()
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May 23, 2018
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