Tata group profit rises 35% under Chandra; importance of TCS, JLR declines

While Tata Motors' domestic business contributed with a 33 per cent year-on-year jump in net sales last financial year, the story at JLR was disappointing

In the first full financial year under Chairman N Chandrasekaran, the adjusted net profit of listed Tata group companies rose 35 per cent in 2017-18 against a 0.5 per cent decline in the previous year. 

Group revenues, too, were up 9.2 per cent, growing at the fastest pace in the last four years.

Tata Steel was the star performer in 2017-18, with revenue from the domestic business rising 23 per cent last financial year. Its impact at the net profit level was significant — if Tata Steel were to be excluded, the net profit growth of the group would have