Tata Motors Q4 net profit falls 16.8% to Rs 4,336 crore

JLR still the bright spot, India challenge persists

The largest auto maker in the country by revenue, Tata Motors, reported a 16.8 per cent decline in consolidated net profit for the fourth quarter (Q4) of the financial year 2016-17 (FY17). The profit of Rs 4,336 crore, however, was better than expectations.

In the same quarter of the previous financial year (2015-16), the company’s profit was Rs 5,211 crore.

Consolidated revenue for the quarter declined three per cent to Rs 77,272 crore, compared to Rs 79,549 crore in the corresponding period of the previous year. The decline in consolidated revenue, the company said, was because of fluctuating pound-rupee exchange