Tata Motors Q4 consolidated net profit down nearly 50% to Rs 2,176 cr, FY18 profit up 19%
Homegrown auto major Tata Motors on Wednesday reported 49.82 percent decline in consolidated net profit to Rs 2,176.16 crore for the fourth quarter ended March 31, 2017-18
New Delhi: Homegrown auto major Tata Motors on Wednesday reported 49.82 percent decline in consolidated net profit to Rs 2,176.16 crore for the fourth quarter ended 31 March, 2017-18.
It had posted net profit of Rs 4,336.43 crore in the corresponding period of 2016-17, Tata Motors said in a BSE filing.
It consolidated income from operations during the quarter under review stood at Rs 91,279.09 crore. It was at Rs 78,746.61 crore in the year-ago quarter.
The two figures are not comparable due to GST implementation from July 1 last year, after which the revenue from operations is reported net of GST.
On a standalone basis, the company said its net loss in the fourth quarter narrowed to Rs 499.94 crore. It was Rs 805.93 crore in the same quarter a year-ago.
Standalone revenue from operations for the quarter was at Rs 19,779.32 crore. It was at Rs 15,080.56 crore in the year-ago-period.
For the entire 2017-18, consolidated net profit was at Rs 9,091.36 crore, as against Rs 7,666.56 crore in the previous fiscal, up 18.58 percent.
Consolidated income from operations for 2017-18 was at Rs 2,95,409.34 crore. It was at Rs 2,74,492.12 crore in 2016-17.
Bharti Airtel reported a 50 percent fall in quarterly profit that capped the third straight year of declining profit at India's top telecommunications carrier.
Adani Power today reported Rs 586 crore net loss for the fourth quarter ended March 31, primarily due to higher cost of imported fuel.