Continued strong revenue and operating performance were driven by increased wholesale volume, solid product mix supported by the ongoing success of Range Rover Sport, Range Rover and Jaguar F-Type and strong market mix with sales growth in the UK, US, China, Europe and Asia Pacific partially offset by unfavourable operational foreign exchange net of realised hedges.

The Profit before tax for the year ended March 31, 2015, grew 4.5 percent over the corresponding period last year to GBP 2,614 million (GBP 2,501 million in the corresponding period last year). Profit after tax for the year ended March 31, 2015, grew 8.5 percent over the corresponding period last year to GBP 2,038 million (GBP 1,879 million in the corresponding period last year).

Tata Daewoo Commercial Vehicles (figures as per Korean GAAP)

Tata Daewoo Commercial Vehicles registered net revenues of KRW301 billion and recorded a net profit of KRW14 billion for the quarter ended March 31, 2015.Net revenues and net profit for the year ended March 31, 2015, stood at KRW988 billion and KRW54 billion, respectively. Net profit for the year ended March 31, 2015, includes reversal of provision under Korean GAAP due to favourable court judgment.

Tata Motors Finance

Tata Motors Finance, the Company's captive financing subsidiary, on a consolidated basis, registered net revenue of Rs670 crore and reported a loss after tax of Rs397 crore for the quarter ended March 31, 2015. Net revenue and loss after tax, on a consolidated basis, for the year ended March 31, 2015, stood at Rs2,743 crore and Rs.611 crore, respectively.

Dividend

Considering the continued weak operating environment in the standalone business, and in view of the losses for the year no dividend is permitted to be paid to the members for FY2014-15, as per the Companies (Declaration and payment of dividend) Rules, 2014.

End