Mumbai: A remarkable turnaround of
its struggling domestic unit, and record high volumes and
margin improvements at its marquee British business have boosted
Tata Motors Group net profit by three-fold to Rs 5,177 crore in the
three months to March from over Rs 1,717 crore a year ago.
Profit at its British unit Jaguar
Land Rover, which has been its cash machine for many years now, soared
56.3 percent to 472 million pounds from 302 million pounds a year
ago, driven by record sales across its key markets of Europe,
China and the US.
While JLR’s retail sales in Europe
soared 55 percent in the quarter under review, its deliveries in China
climbed 19 percent, driven by the local production of the Land
Rover Discovery Sport SUV and the ramp up of the Jaguar XE sedan.
The city-based company’s consolidated
sales grew 18.76 percent to Rs 79,926 crore during the reporting quarter.
On a standalone basis, Tata Motors
India reported a net profit of Rs 465 crore for the fourth quarter against
a net loss of Rs 1,164.25 crore a year ago.
For the full year, the domestic unit
posted a net profit of Rs 234.23 crore as against a whopping net loss of
Sales, including exports, of
commercial and passenger vehicles for the quarter stood at 1,44,507 units,
representing a growth of 3.9 percent and taking the revenues for
the quarter to Rs 12,570 crore, up from Rs 10,786 crore last year.
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