1/5
Tata Motors Ltd posted a 36.7% fall in fourth-quarter net profit, a smaller-than-expected drop, as a jump in sales at its Jaguar Land Rover (JLR) subsidiary offset falling profit at its domestic business.
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2/5
Tata Motors, part of the salt-to-steel Tata conglomerate, said net profit for the January-March quarter was 39.45 billion rupees, down from 62.34 billion rupees the previous year, with revenue up 10 percent at 560 billion rupees.
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3/5
A one-off tax gain contributed to a significantly higher net profit in the year-ago quarter.
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4/5
Analysts, on average, expected net profit of 28.86 billion rupees on revenue of 518.51 billion rupees, according to Thomson Reuters Starmine.
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5/5
Shares in Tata Motors closed 2.7 percent higher at 303.80 rupees before the quarterly numbers were released. The Nifty fell 0.1 percent and the auto sector index rose 0.3 percent.
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