Strong JLR performance boosts Tata Motors' show

Standalone entity looking to gain 5% market share each in CV & passenger vehicle biz in 2 years

Led by strong performance from its UK-based subsidiary, Jaguar Land Rover (JLR), Tata Motors posted better-than-expected performance in the March quarter (Q4). Consolidated net profit after tax at Rs 4,366  crore, though 16.8 per cent lower year-on-year (y-o-y) came in better than analysts’ estimates which had pegged it at Rs 2,575 crore. While revenues at Rs 77,272 crore was down 2.8 per cent, this was lower than analysts’ expectations of Rs 78,797 crore. 

The company indicated that consolidated revenues were impacted by translation losses from pound to rupee of about Rs 9,032 crore. While volumes at JLR were up 13