Tata Motors Q4 net dips 49% to `1,109 cr

Tata Motors reported a 49 per cent decline in consolidated net profit to Rs 1,108.66 crore for the quarter ended March 31, mainly due to lower revenues and exceptional charge on account of its British arm Jaguar Land Rover.

The company has posted a consolidated net profit of Rs 2,175.16 crore in the corresponding period previous fiscal.

Its total consolidated revenues stood at Rs 87,285.64 crore as against Rs 91,643.44 crore in the yearago period, registering a decline 4.75 per cent.

For the entire 2018-19, the company posted a consolidated net loss of Rs 28,724.20 crore, compared to net profit of Rs 9,091.36 crore in 2017-18, mainly on the back of the impairment charge of Rs 27,837.91 crore being recognised in the third quarter of FY2019.

Total income stood at Rs 3,04,903.71 crore for the last fiscal as against Rs 2,96,298.23 crore in 2017-18.

The company's domestic business posted standalone net profit of Rs 106.19 crore for the fourth quarter as against net loss of Rs 499.94 crore during the same period previous fiscal. Standalone total revenue stood at Rs 18,561.41 crore as compared to Rs 19,173.46 in the Q4 a year ago.

In case of the JLR business, during the quarter the company returned to profitability with pre-tax profits of 269 million euros before exceptional items as the 'Charge' transformation programme delivered cash and cost cash improvements.

Revenues of 7.1 billion euros were down 421 million euros year-on-year.