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Tata Motors gains on strong JLR performance in Q4

The stock rallied 5% to Rs 473 on BSE in early morning trade

SI Reporter  |  Mumbai 

Tata Motors rallied 5% to Rs 473 on BSE in early morning trade after its UK-based subsidiary, Jaguar Land Rover (JLR), posted better-than-expected performance in the March quarter (Q4). JLR’s Ebitda (earnings before interest, tax, depreciation and amortization) margin improved to 14.5% from 9.3% in December quarter. “The operating performance in the quarter reflects higher wholesale volumes, higher marketing cost and favourable operating exchange and revaluation offset by realized hedges,” Tata Motors said in a press release. The company has reported ...

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First Published: Wed, May 24 2017. 09:39 IST
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