India business, steady margins for JLR mainstay of Tata Motors' Q4 show

Street will await improvement in JLR volumes, main trigger for stock

Tata Motors posted broadly in line March-quarter performance on the back of strong performance of its India business and steady margins for its British subsidiary Jaguar Land Rover (JLR). 

Consolidated revenues rose 18 per cent due to a 34 per cent increase in India volumes, while JLR, which accounts for three quarters of consolidated revenue, reported a 2.2 per cent increase. The management attributed 10-11 per cent of the increase to the volume and product mix, and the rest to translation gains. Most of the additional gains (8 per cent) was due to the company’s India business. 

Revenue for JLR rose 4