Tata Motors Q4 profit soars over two-foldhttps://indianexpress.com/article/news-archive/web/tata-motors-q4-profit-soars-over-twofold/

Tata Motors Q4 profit soars over two-fold

Tata Motors today reported a jump in its consolidated net profit at Rs 6,234 cr.

Ratan Tata-led Tata Motors today reported an over two-fold jump in its consolidated net profit for the quarter ended March 31 at Rs 6,234 crore.

The company had posted a net profit of Rs 2,637.52 crore in the corresponding period last year,Tata Motors said in a statement.

The consolidated net income during the fourth quarter also increased by 44.27 per cent to Rs 50,907.90 crore from Rs 35,287.06 crore in the year-ago period.

For the entire 2011-12 financial year,Tata Motors consolidated net profit went up by 45.75 per cent to Rs 13,516.50 crore from Rs 9,273.62 crore in the previous fiscal.

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The consolidated net income in FY’12 stood at Rs 1,65,654.49 crore compared to Rs 1,22,127.92 crore in FY’11,up 35.64 per cent.

The company said Tata Sons Deputy Chairman Cyrus P Mistry was inducted to the Tata Motors board as a Director.

In the fourth quarter,Tata Motors’ British subsidiary Jaguar Land Rover posted an over two-fold increase in its profit after tax to 696 million pound (over Rs 6,000 crore) from 262 million pound (over Rs 2,380 crore) from the same period last year,the statement said.

The revenue in January-March period rose by 51.52 per cent to 4,144 million pound (over Rs 36,100 crore) from 2,735 million pound (over Rs 23,830 crore) in the year-ago period,it added.

For 2011-12 fiscal,JLR’s PAT stood at 1,481 million pound (over Rs 12,900 crore) as against 1,036 million pound (over Rs 9,020 crore) in FY’11,up 42.95 per cent.

JLR’s revenue in last fiscal went up by 36.89 per cent to 13,512 million pound (over Rs 1,17,800 crore) from 9,871 million pound (over Rs 86,020 crore) in the previous fiscal,Tata Motors said.

In terms of volume sales,JLR witnessed a jump of 29.1 per cent in FY’12 at 3,14,433 units.

Tata Motors had sold a total of 9,26,353 units of passenger and commercial vehicles during 2011-12,registering a rise of 10.7 per cent over the previous fiscal,it added.

Shares of Tata Motors today closed 0.25 per cent down at Rs 275.90 apiece on the BSE.

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