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Tata Motors Q4 profit down 17% to Rs 4,336 cr, despite 13% JLR sales growth

Says consolidated revenue were lower by Rs 9,032 crore due to translation impact of GBP to the rupee

Reuters  |  New Delhi 

Tata Motors on Tuesday reported 16.79 per cent drop in consolidated profit at Rs 4,336.43 crore in the quarter ended March 31, 2017. The top automaker's net profit stood at Rs 5,211.49 crore in Q4 FY16. For the quarter under review, Tata Motors posted consolidated revenues of Rs 77,272 crore, down from Rs 79,549 crore recorded in the corresponding quarter last year, the company said in a release. Consolidated revenues in Q4 were lower by Rs 9,032 crore due to translation impact of GBP (British pound) to the Indian rupee, it said. Tata Motors said its Jaguar Land ...

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First Published: Tue, May 23 2017. 19:16 IST
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