Tata Motors Q4 net profit declines to Rs 3,918 cr

Tata Motors on Thursday reported a marginal decline in consolidated net profit to Rs 3,918.29 crore in the fourth quarter ended March 31 as compared with profit of Rs 3,945.47 crore in the same period a year ago.

However, total income during the quarter increased 17 per cent to Rs 65,572 crore as against Rs 56,180 crore in March 2013, while it incurred a forex loss of Rs 355 crore in this period, Tata Motors said in a notification filed with BSE.

Also, the company's net sales rose to Rs 64,715.81 crore from Rs 55,841.70 crore. Tata Motors said it posted growth in sales "despite a weak operating and economic environment in the standalone business, which was more than offset by strong demand for new products, growth in volumes, richer product mix and richer geographic mix at Jaguar Land Rover (JLR)."

For the year ended March 31, Tata Motors posted consolidated net profit of Rs 13,991.02 crore, up 41.42 per cent from Rs 9,892.61 crore in the previous fiscal. Net sales rose to Rs 2,30,677.10 crore for the year ended March 31, as against Rs 1,87,627.90 crore.

On a standalone basis, Tata Motors said its net loss widened to Rs 816.61 crore from Rs 312.15 crore a year earlier.