ADVERTISEMENT

Tata Motors' narrows Q4 standalone net loss

Tata Motors' narrows Q4 standalone net loss

Published
Hot News Text
1 min read
Tata Motors. (Photo: Twitter/@TataMotors)
Mumbai, May 23 (IANS) Automobile major Tata Motors on Wednesday said that it has reduced its net loss to Rs 499.94 crore during the fourth quarter of 2017-18.
According to the automobile major, its standalone net loss during the quarter under review declined to Rs 499.94 crore from Rs 805.93 crore reported for the corresponding period of 2016-17.
On the other hand, the auto giant's standalone total income grew by around 35 per cent to Rs 20,456.34 crore for the quarter ended March 2018 compared to Rs 15,195.85 crore earned during the same period of previous fiscal.
In terms of the financial year basis, Tata Motors reported a standalone net loss of Rs 1,034.85 crore from a net loss of Rs 2,429.60 crore.
On a consolidated basis, the automobile major reported a decline of around 50 per cent in its Q4 net profit to Rs 2,176.16 crore from Rs 4,336.43 crore.
However, the company's consolidated net profit for 2017-18 increased by 20.32 per cent to Rs 9,091.36 crore from Rs 7,555.56 crore
--IANS
rv/vm

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT