 "Tata Motors Q4 net profit down nearly 50% to Rs 21.76 billion")
Homegrown auto major Tata Motors today reported 49.82 per cent decline in consolidated net profit to Rs 21.76 billion for the fourth quarter ended March 31, 2017-18.
It had posted net profit of Rs 43.36 billion 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 912.79 billion. It was at Rs 787.46 billion 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 4.99 billion. It was Rs 8.05 billion in the same quarter a year-ago.
Standalone revenue from operations for the quarter was at Rs 197.79 billion. It was at Rs 150.80 billion in the year-ago-period.
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For the entire 2017-18, consolidated net profit was at Rs 90.91 billion, as against Rs 76.66 billion in the previous fiscal, up 18.58 per cent.
Consolidated income from operations for 2017-18 was at Rs 2954. 09 billion. It was at Rs 2744.92 billion in 2016-17.