Tata Motors Q4 net profit down 17%

Mumbai, May 23 

Tata Motors today reported 16.79% drop in consolidated profit at Rs 4,336.43 crore in the fourth quarter ended March 31, 2017.

The top automaker's net profit stood at Rs 5,211.49 crore in Q4 FY16.

For the quarter under review, Tata Motors posted consolidated revenues of Rs 77,272 crore, down from Rs 79,549 crore recorded in the corresponding quarter last year, the company said.

Consolidated revenues in Q4 were lower by Rs 9,032 crore due to translation impact of GBP (British pound) to the Indian rupee, it said.

Tata Motors said its Jaguar Land Rover (JLR) business saw a 13 per cent jump in retail sales during the fourth quarter of fiscal 2016-17. JLR is the UK's largest car manufacturer.

For the year ended March 31, 2017, consolidated PAT (profit after tax) stood at Rs 7,557 crore, down from Rs 11,678 crore posted in FY16. — PTI