Tata Motors Reports Mixed Results Amid JLR Challenges
Tata Motors reported a 31.29% decline in Q4 net profit due to JLR challenges, despite revenue growth. The company's full-year performance was impacted by cyber incident and headwinds, but Q4 showed significant recovery. Tata aims for resilience and growth in domestic and JLR operations amidst global challenges.
Tata Motors Passenger Vehicles (TMPV) announced a notable 31.29% decline in consolidated net profit, reaching Rs 5,878 crore in the March quarter compared to Rs 8,556 crore the previous year.
Revenue for the quarter increased by 7% to Rs 1.05 lakh crore, driven by improved Jaguar Land Rover (JLR) production and domestic sales volumes, yielding a robust Q4 Free Cash Flow (FCF) of Rs 11.4K crore, according to company statements.
Challenges such as cyber incidents and tariffs affected JLR's performance throughout the fiscal year. However, TMPV's CFO, Dhiman Gupta, emphasized recovery in Q4 and outlined strategies for sustained growth amidst global uncertainties.
(With inputs from agencies.)
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