Tata Motors Q4 net profit skids 49% to Rs 1,108 crore on JLR woes

CFO says corrective actions taken in China will help in reviving sales by next quarter

Tata Motors on Monday reported a 49 per cent decline in net profit for the March quarter ended March 31. But the earnings beat estimates as the cost-control measures initiated a few months ago to turn around operations of Jaguar Land Rover (JLR) Automotive started showing results.

In the three months to March, net profit of the company fell to Rs 1,108.66 crore against Rs 2,125.24 crore in the same quarter last year. Revenue for the quarter fell to Rs 85,676.33 crore from Rs 88,966.34 crore in the same quarter last year.

Revenue from wholly owned subsidiary JLR fell 5