Tata Motors posts 26.2% QoQ decline in PAT on fall in JLR revenue
DSIJ Intelligence / 09 Aug 2017
The company's total sales for Q1FY18 came in at Rs 59818.22 crore, which represents 24.04 per cent sequential decline and 9.59 per cent YoY decline. This was due to lower wholesale volumes from JLR business and a de-growth in M&HVC segment.
Tata Motors Ltd. reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 59818.22 crore, which represents 24.04 per cent sequential decline and 9.59 per cent YoY decline. This was due to lower wholesale volumes from JLR business and a de-growth in M&HVC segment.
Its operating profit (EBIT) for the quarter amounted to Rs 5595.77 crore and its EBIT margin stood at 9.35 per cent.
The company reported PAT of Rs 3199.93 crore, which represents a sequential QoQ decline of 26.21 per cent and a YoY increase of 41.56 per cent. The PAT figure for the quarter is lower by Rs 793 crore due to impact of GBP on INR.
Tata Motors Ltd is engaged in the manufacture of motor vehicles. It is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the company.
The company's stock opened at Rs 428.5 on the BSE and closed at Rs 416.75 after touching intra-day high of Rs 430.15.
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