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Tata Motors reports 49% fall in Q4 consolidated net profit

Tata Motors has reported results for the fourth quarter and year ended March 31, 2019.

The company has reported a net profit at Rs 106.19 crore for the quarter ended March 31, 2019 against net loss of Rs 499.94 crore for the same quarter in the previous year. However, total income of the company decreased by 7.21% at Rs 18,981.21 crore for quarter under review as compared to Rs 20,456.34 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 49.03% in its net profit at Rs 1,108.66 crore for the quarter ended March 31, 2019 as compared to Rs 2,175.16 crore for the corresponding quarter in the FY18. Total consolidated income of the company fall 4.76% at Rs 87,285.64 crore for quarter under review as compared to Rs 91,643.44 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a net profit of Rs 2020.60 crore against net loss of Rs 1,034.85 crore for the previous year. Total income of company increased 17.28% at Rs 71,757.42 crore for year under review as compared to Rs 61,182.29 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted a net loss of Rs 28,724.20 crore against net profit of Rs 8,988.91 crore for the previous year. However, total income of company increased marginally by 2.90% at Rs 3,04,903.71 crore for year under review as compared to Rs 2,96,298.23 crore for year ended March 31, 2018.

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