Tata Motors surges over 5 per cent on Q4 results, JLR drives profits
DSIJ Intelligence / 24 May 2017
Automobile giant, Tata Motors reported a hike of 2.9 per cent in its consolidated revenue to Rs 77,272 crore on a year-on-year basis. Jaguar and Land Rover recorded the most contribution to the Tata Motor’s profit, posting a 14.5 per cent rise in its profit margin.
Automobile giant, Tata Motors reported a hike of 2.9 per cent in its consolidated revenue to Rs 77,272 crore on a year-on-year basis. However, the revenue valued lower by Rs 9,032 crore, against the company’s revenue of Rs 79,549 crore in the previous year, due to the impact of the translation of Pound to Rupee currency.
On an operating level, the earnings before interest, taxes, depreciation and amortisation (EBITDA) of Tata Motors stood at a fair level of Rs 5,166 crore.
Jaguar and Land Rover recorded the most contribution to the Tata Motor’s profit, posting a 14.5 per cent rise in its profit margin. While the net profit and EBITDA of JLR stood at 557 million pounds and 1,057 million pounds, respectively.
The company surged by over 5 per cent in early trade on May 24, 2017, trading at Rs 472.95 on the BSE. While at 01:00 hrs IST, the stock was quoting Rs 468.40, up by 3.27 per cent on the BSE, on the same day.
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