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Tata Motors announces financial results for Q1 and FY15

By Swati Sanyal Tarafdar,

Added 28 May 2015

Tata Motors consolidated net revenue grows to Rs2,62,796 crore in FY2014-15 and consolidated PAT stands at Rs 13,986 crore

Loss before and after tax for year ended March 31, 2015 was Rs3,975 crore and Rs4,739 crore, respectively, against the loss before tax of Rs1,026 crore and profit after tax of Rs335 crore, respectively, for the corresponding period last year.

Jaguar Land Rover Automotive (figures as per IFRS)

Jaguar Land Rover wholesales and retails for the year ended March 31, 2015 were 470,523 units and 462,209 units respectively (129,205 units and 124,307 units respectively for Q4 FY15).

Revenues for the quarter ended March 31, 2015 of GBP 5,826 million, up 8.9 percent over GBP 5,349 million in the corresponding quarter last year. Operating profit (EBITDA) for the quarter ended March 31, 2015, stood at GBP 1,016 million (with operating margin of 17.4 percent), representing a growth of 10.4 percent over GBP 920 million in the corresponding quarter last year.

Profit before tax of GBP 396 million for the quarter ended March 31, 2015 was down 31.3 percent over the corresponding quarter last year (GBP 576 million in the corresponding quarter last year) due to higher depreciation and amortisation and unfavourable revaluation of foreign currency debt and unrealised hedges that are not eligible for hedge accounting treatment. Profit after tax for the quarter ended March 31, 2015 stood at GBP 302 million (GBP 449 million in the corresponding quarter last year).

Revenues for the year ended March 31, 2015 of GBP 21,866 million, up 12.8 percent over GBP 19,386 million in the corresponding period last year. EBITDA of GBP 4,132 million for the year ended March 31, 2015, represented a growth of 21.8 percent over GBP 3,393 million in the corresponding period last year.

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