Tata Motors Recorded a Consolidated Net Loss Down To Rs 7,605 Crore

Tata Motors Recorded a Consolidated Net Loss Down To Rs 7,605 Crore
Tata Motors Recorded a Consolidated Net Loss Down To Rs 7,605 Crore

Auto giant Tata Motors has recorded a consolidated net loss of Rs 7,605 crore for the quarter ended March 31, 2021 (Q4FY21). It posted a loss of Rs 9,894.2 crore in the corresponding period last year.

The company’s revenue from operations came in at Rs 88,628 crore for the fourth quarter, up 42 per cent from the revenue of Rs 62,492 crore clocked in the same quarter last year.

“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,” said CEO and Managing Director of Tata Motors, Guenter Butschek.

Though on a stand-alone basis, Tata Motors reported a net profit of Rs 1,646 crore as against a loss of Rs 4,871 crore in the year-ago period. Union Bank of India Announces Fund-Raising Plans; Stock Declines Over 1%

It reported an operating profit or the earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 12.7k crore.

Jaguar Land Rover’s (JLR, which is owned by Tata Motors) EBIT margins during the March quarter increased to 7.5 per cent and 2.6 per cent for the full year.

(This story has not been edited by NEWSUP18 and is auto-generated from a syndicated feed.)

(For More News Updates and Latest Hindi News Like us on Facebook and Follow on Twitter .)