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Tata Motors q4 Profit Falls 49% To Rs 1,108 Crore

The operating profit or EBITDA was at Rs 8,449.5 crore, while margin stood at 9.8 percent

May 20, 2019 / 04:38 PM IST
 
 
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Tata Motors has reported a 49 percent fall in its consolidated net profit at Rs 1,108 crore. The company had reported a profit of Rs 2,175 crore in a year ago period.

The figure above includes profit attributable to shareholders of the company and non-controlling interests.

Revenue of the company declined to Rs 86,422 crore against Rs 89,928.97.

The operating profit or EBITDA was at Rs 8,449.5 crore, while the margin stood at 9.8 percent.

JLR returned to profitability in the fourth quarter with profit before tax at £269 million, down 27.1 percent, YoY. The EBITDA margin for the quarter was at 9.8 percent.

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JLR revenue for Q4 was at £7,134 million helped by rising sales in the UK and the US. This was, however, down £421 million year-on-year as weaker China market conditions were partially offset by growing demand in key markets like the UK and US.

JLR reported a cash flow of £1.4 billion for Q4, reflecting improved working capital and investment savings.  The balance sheet continued to remain strong with £3.8 billion of cash and £1.9 billion undrawn credit facility, resulting in £5.7 billion of total liquidity at the end of the year.

For the full year, sales touched £24.2 billion, while pre-tax loss was at £358 million before £3.3 billion of exceptional items (Q3 non-cash impairment and Q4 transformation costs).

The FY19 cumulative negative free cash flow of £1.3 billion at JLR reflected in the closing consolidated net automotive debt for Tata Motors at 28,394 crore.

N Chandrasekaran, Chairman of Tata Motors said, "Our domestic business delivered a resilient performance in the face of challenging market conditions. We have continued to step up our pace of innovation, improved our market shares as well as our profitability."

At close, Tata Motors was quoting at Rs 190, up Rs 13.30, or 7.53 percent on the BSE.
Moneycontrol News
TAGS: #Results
first published: May 20, 2019 04:38 pm

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