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Home Industry News Tata Motors net profit jumps three-fold in fourth quarter

Tata Motors net profit jumps three-fold in fourth quarter

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July 15, 2016July 15, 2016

Tata Motors posted a quantum leap in net profit for the fourth quarter ended March 31, 2016. During the reporting quarter, the company posted a consolidated net profit of Rs 5,177.06 crore, a three-fold rise from Rs 1,716.5 crore recorded during the same period a year ago. Its total income rose to Rs 80,933.04 crore from Rs 68,0228.90 crore recorded during comparable year-ago quarter.

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

On a standalone basis, Tata Motors posted a net profit of Rs 464.99 crore during the quarter against a net loss of Rs 1,164.25 crore posted a year ago. Total income rose to Rs 13,029.85 crore ( Rs 10,868.86 crore) during the quarter.

Light Commercial Vehicle (LCV) segment also posted a growth of 11.8 per cent YoY during the quarter. Exports of the commercial vehicles also grew 26.6 per cent, while the passenger vehicles segment growth fell by 32.3 per cent due to a delay in the launch of new hatchback Tiago.

JLR posted a net profit of £472 million for the quarter, a 56.29 per cent rise from £302 million recorded during the same period a year ago. Its revenues for the fourth quarter stood at £6,594 million (£5,826 million), while the company’s wholesales (excluding China JV) for the quarter rose up 19.8 per cent to 149,895 units.

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