Tata Motors fell 2.01% to Rs 415.30 at 9:29 IST on BSE after consolidated net profit declined 0.68% to Rs 3918 crore on 16.6% growth in revenue to Rs 65317 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after market hours on Thursday, 29 May 2014.
Meanwhile, the BSE Sensex was up 99.97 points, or 0.41%, to 24,334.12.
On BSE, so far 1.59 lakh shares were traded in the counter, compared with an average volume of 4.22 lakh shares in the past one quarter.
The stock hit a high of Rs 417.35 and a low of Rs 407.05 so far during the day. The stock hit a record high of Rs 464.20 on 16 May 2014. The stock hit a 52-week low of Rs 263.10 on 27 June 2013.
The stock had underperformed the market over the past one month till 29 May 2014, rising 3.58% compared with 7.87% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.62% as against Sensex's 14.74% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
The top line during the quarter grew despite a weak operating and economic environment in the standalone business which was more than offset by strong demand for new products, growth in volumes, richer product mix and richer geographic mix at Jaguar Land Rover (JLR), Tata Motors said in a statement.
Tata Motor's consolidated net profit surged 41.42% to Rs 13991 crore on 23.3% growth in revenue (net of excise) to Rs 232834 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). JLR's wholesale and retail volumes grew by 15.5% and 15.9%, respectively in FY 2014 over FY 2013.
JLR's net profit rose 19.09% to GBP 449 million on 5.9% growth in revenue to GBP 5349 million in Q4 March 2014 over Q4 March 2013. Operating profit (EBITDA) stood at GBP 920 million, up 12.2% as compared to GBP 820 million during the corresponding quarter last year. Operating margin stood at 17.2%, up 100 bps as compared to corresponding quarter last year reflecting richer product and geographic mix, with increased volumes in emerging markets, Tata Motors said. The Profit before tax (PBT) grew to GBP 576 million (GBP 507 million in the corresponding quarter last year) reflecting higher operating profit (EBITDA), favourable exchange revaluation on loans and unrealized hedges, partially offset by higher depreciation and amortisation as well as higher finance expense, Tata Motors said in a statement.
JLR's net profit surged 54.77% to GBP 1879 million on 22.82% growth in revenue to GBP 19386 million in FY 2014 over FY 2013. The operating profit and margin stood at GBP 3393 million and 17.5% respectively reflecting increase in volumes, richer product mix supported by launch of new Range Rover Sport, new Range Rover and Jaguar F-TYPE, richer geographic mix, with increased volumes in emerging markets partially offset by less favourable operational foreign exchange net of realized hedges in Q4 March 2014. PBT were GBP 2501 million (GBP 1674 million for the corresponding period last year).
Tata Motors is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.
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