Mumbai, May 30 (IANS) Automobile manufacturer Tata Motors on Monday said it posted a standalone quarterly net profit of Rs 464.99 crore for the quarter ended March 31, 2016, as against a loss of Rs 1,164.25 clocked in the corresponding quarter of 2014-15.
According to the statement of financial results posted on the Bombay Stock Exchange (BSE), the auto major earned a total income of Rs 12,569.79 crore in the quarter under review against Rs 10,785.79 crore in Q4, 2014 – 15.
On a consolidated basis, this Q4 net profit rose to Rs 5,206.45 crore from Rs 1,747.43 crore posted in the year ago quarter while consolidated total income spiked to Rs 80,684.41 crore from Rs 67,777.72 crore in Q4 of 2014-15.
Annual net profit on a standalone basis witnessed a profit of Rs 234.23 crore for fiscal 2015-16, emerging from a loss of Rs 4,738.95 crore in the last fiscal, while annual standalone total income rose to Rs 42,369.82 crore from Rs 36,301.63 crore.
Consolidated annual net profit declined to Rs 11,108.29 crore in 2015-16 from Rs 14,059.65 crore while total consolidated income rose to Rs 2,75,561.11 crore from Rs 2,63,158.98 crore.
Tata Motors owned luxury car manufacturer Jaguar Land Rover announced retail sales crossing 5,00,000 units for the first time, witnessing a year-on-year growth of 13 per cent at 5,21,571 units.
It plans to invest 3.75 billion pounds for 2016-17.