Tata Motors recorded a internet loss in the course of the fourth quarter of earlier fiscal
Auto big Tata Motors has recorded a consolidated internet lack of Rs 7,605 crore for the quarter ended March 31, 2021 (Q4FY21). It posted a lack of Rs 9,894.2 crore within the corresponding interval final 12 months.
The firm’s income from operations got here in at Rs 88,628 crore for the fourth quarter, up 42 per cent from the income of Rs 62,492 crore clocked in the identical quarter final 12 months.
“The CV business consistently posted sequential quarter on quarter growth on back of improved consumer sentiments, buoyancy in e-business, firming freight rates and higher infrastructure demand including road construction and mining. We have successfully improved our operational and financial performance by reducing cost,” mentioned CEO and Managing Director of Tata Motors, Guenter Butschek.
Though on a stand alone foundation, Tata Motors reported a internet revenue of Rs 1,646 crore as towards a lack of Rs 4,871 crore within the year-ago interval.
It reported an working revenue or the earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) at Rs 12.7k crore.
Jaguar Land Rover’s (JLR, which is owned by Tata Motors) EBIT margins in the course of the March quarter elevated to 7.5 per cent and a couple of.6 per cent for the complete 12 months.
