Tata Motors revenue, profit down

Judith Bessette
Mai 24, 2017

The company had posted a net profit of Rs 5,176 crore during the same period a year ago.

"We've seen strong headwinds and some big misses in this quarter", said Guenter Butschek, CEO at Tata Motors. Consolidated Profit before tax for the quarter was ₹5,166 crores, against ₹5,888 crores for the corresponding quarter previous year.

The unit's revenues rose 10 percent to 7.27 billion pounds while its margin on earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 14.5 percent during the quarter from 9.3 percent in the previous quarter.

When asked specifically about the objectives, Butschek said, "We have not been on time with some of our product launches as we were late and lost some volumes and market share in FY17 due to it".

The company posted consolidated revenues of Rs 77,272 crore, down from Rs 79,549 crore recorded in the corresponding quarter a year ago, the company said. "In the coming year the focus will be on efficiency enhancement and monetization of non-core assets", said C Ramakrishnan, Group CFO, Tata Motors.

"Commercial vehicle segments witnessed muted demand due to weak replacement demand, subdued freight demand from industrial segment, which took further hit post demonetization, and lower than expected pre-buying ahead of the implementation of Bharat Stage IV emission norms, the company said".

Events surrounding ex-prisoner facing deportation to Cuba
Today, Salazar said he felt "gut-punched" when he heard the news that ICE agents had intercepted Lima-Marin's release. Three years of legal battles between Lima-Marin's family and the courts ensued after he was taken back to prison.

Tata's two new launches, Tigor and Hexa, lift numbers in the passenger vehicle segment, which grew 44.3 per cent year-on-year.

JLR deliveries increased 13 percent in the quarter on strong demand across the product portfolio led by sales of Jaguar F-Pace, Range Rover and Land Rover Discovery Sport models, the company said.

Total income for the year was lower at ₹275247 crore as against ₹278546 crore in the previous year.

"It has been a challenging and highly volatile year, which followed a period of low demand and inconsistent recovery in the prior years in the automotive sector in India". In addition, the company also under-performed on many fronts, amplifying the impact of the external environment. Consolidated revenue (net of excise) fell 1 per cent to ₹2,69,850 crore (₹2,73,111 crore). Export volumes declined 8.7 per cent.

Consolidated net profit for the three months to March 31 fell to 43.36 billion rupees ($668.72 million) from 52.11 billion rupees a year earlier.

Outros relatórios LazerEsportes

Discuta este artigo