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Tata Motors Q4 net profit down 16.79%

Tata Motors Q4 net profit down 16.79%
Tata Motors on Tuesday reported 16.79 per cent drop in consolidated profit at Rs 4,336.43 crore in the fourth quarter ended March 31, 2017.

The top automaker's net profit stood at Rs 5,211.49 crore in Q4 FY16.

For the quarter under review, Tata Motors posted consolidated revenues of Rs 77,272 crore, down from Rs 79,549 crore recorded in the corresponding quarter last year, the company said in a release.

Consolidated revenues in Q4 were lower by Rs 9,032 crore due to translation impact of GBP (British pound) to the Indian rupee, it said.
PTI

PTI

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