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Tata Motors' consolidated net revenue Rs. 67,484 crores

Tata Motors' consolidated net revenue Rs. 67,484 crores

India Blooms News Service | | 14 Feb 2017, 07:19 pm
New Delhi, Feb 14 (IBNS): For the quarter ended December 31, 2016, Tata Motors reported consolidated revenues (net of excise) of Rs.67,484 crores as against Rs.70,567 crores for the corresponding quarter last year (unfavourable translation impact of Rs. 10,670 crores).

Consolidated Profit before tax for the quarter was Rs.599 crores, against Rs.3,414 crores for the corresponding quarter last year. This broadly reflects:-

In Jaguar Land Rover business –

Strong retail sales, up 8.5% y-o-y on continued strong demand for the product, revenue (in £) up 13.1% y-o-y ;
Lower wholesale volumes and relatively weaker product mix (including the run out of Discovery) in Jaguar Land Rover business, overall higher marketing expenses partially offset by credit relating to the recovery because of explosion at the port of Tianjin (China).

In Standalone business –

De-growth in the M&HCV segment and flat LCV segment partially offset by growth in Car segment.

Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the quarter was Rs.112 crores, against the Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) of Rs.2,953 crores for the corresponding quarter last year.

For the nine months ended December 31, 2016, the Consolidated revenue (net of excise) was Rs.1,99,429 crores against  Rs.1,92,543 crores (unfavourable translation impact of Rs. 18,840 crores) for the corresponding period last year, the company said in a statement.

The Consolidated Profit before tax for the nine months ended December 31, 2016 was Rs.4,149 crores against Rs.8,237 crores for the corresponding period last year. Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the nine months ended December 31, 2016 was Rs.3,220 crores, as against Rs.6,467 crores for the corresponding period last year.

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