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Tata Motors Q4 net profit down nearly 50 pc to Rs 2,176 crore

PTI
Published : May 23, 2018, 7:26 pm IST
Updated : May 23, 2018, 7:26 pm IST

It had posted net profit of Rs 4,336.43 crore in the corresponding period of 2016-17, Tata Motors said in a BSE filing.

Homegrown auto major Tata Motors on Wednesday reported 49.82 per cent decline in consolidated net profit to Rs 2,176.16 crore for the fourth quarter ended March 31, 2017-18.
 Homegrown auto major Tata Motors on Wednesday reported 49.82 per cent decline in consolidated net profit to Rs 2,176.16 crore for the fourth quarter ended March 31, 2017-18.

New Delhi: Homegrown auto major Tata Motors on Wednesday reported 49.82 per cent decline in consolidated net profit to Rs 2,176.16 crore for the fourth quarter ended March 31, 2017-18.

It had posted net profit of Rs 4,336.43 crore in the corresponding period of 2016-17, Tata Motors said in a BSE filing. It consolidated income from operations during the quarter under review stood at Rs 91,279.09 crore.

It was at Rs 78,746.61 crore in the year-ago quarter. The two figures are not comparable due to GST implementation from July 1 last year, after which the revenue from operations is reported net of GST. On a standalone basis, the company said its net loss in the fourth quarter narrowed to Rs 499.94 crore.

It was Rs 805.93 crore in the same quarter a year-ago. Standalone revenue from operations for the quarter was at Rs 19,779.32 crore. It was at Rs 15,080.56 crore in the year-ago-period.

For the entire 2017-18, consolidated net profit was at Rs 9,091.36 crore, as against Rs 7,666.56 crore in the previous fiscal, up 18.58 per cent. Consolidated income from operations for 2017-18 was at Rs 2,95,409.34 crore. It was at Rs 2,74,492.12 crore in 2016-17.

Tags: tata motors, net profit, bse filing, gst implementation
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