TATA Motors Q4 Results
Jaipur: Tata Motors NSE -4.50 % on Monday posted a consolidated net loss at Rs 9,864 crore for the quarter ended March 31, 2020. Tata Motors had reported a net profit of Rs 1,109 crore in the same quarter last year 2019.
Analysts in all common polls had projected a net loss of Rs 1,000-1,500 crore.
Total revenue from operations declined to Rs 62,493 crore during the quarter under review. It had posted revenue at Rs 86,422 crore in the corresponding/ same quarter, the last year 2019.
EBITDA decreased by up to 4.6%.
“After (JLR) Jaguar Land Rover's Subsidiary of TATA Motors return to profit in the Q2 and Q3, which reflected improvements achieved through its transformation program, fourth-quarter (Q4) results were significantly impacted by the COVID-19 pandemic. In India, the demand which was already adversely impacted by the liquidity stress, general economic slowdown, and stock corrections due to BSVI transition, was further affected by the lockdown,”
Sales for (JLR) Jaguar Land Rover's fell 12% in the full year 2020 to 5,08,700 (Five Lakh Eight Thousand Seven Hundred) units while its Indian businesses saw a 22% drop in commercial vehicles sales and 25% plunge in personal vehicles.
TATA Motors posted a consolidated net loss at Rs 9,864 crore for the quarter ended March 31 (Q4), 2020. It had reported a net profit of Rs 1,108.66 crore in the same period/ Quarter (Q4) last year 2019.