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<ul><li><keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> posted a consolidated net profit of ₹3,203 crore in Q1, beating analyst expectations.</li><li>This quarter’s profits were driven by growth in domestic sales and improved performance of Jaguar Land Rover.</li><li>Total revenue from operations stood at ₹1.02 lakh crore in the first quarter as against ₹71,935 crore in the year-ago period.</li></ul> Indian automaker Tata Motors has reported a consolidated net profit of ₹3,203 crore in the first quarter of the current financial year (Q1FY24) riding on an improved performance at its British subsidiary<a href="https://www.businessinsider.in/business/auto/news/tata-motors-jlr-q1-retail-sales-up-29-in-april-june-2023/articleshow/101575182.cms"> Jaguar Land Rover</a>. In the same quarter last year, the company had reported a loss of ₹5,007 crore. Sectoral analysts had been expecting the reading at around ₹2,000 to 2,500 crore. Total revenue from operations grew 42.1% YoY to ₹1.02 lakh crore in the first quarter as against ₹71,935 crore in the year-ago period. On a standalone basis, the automaker reported a net loss of ₹64 crore for the period under review as against ₹181 crore loss in the first quarter of 2022-23. “FY24 has begun on the right note with all automotive verticals delivering strong performances. The distinct strategy employed by each business is now delivering consistent results and making them structurally stronger. We remain confident of sustaining this momentum in the rest of the year and achieve our stated goals,” said <keyword id="509018" type="General" weightage="50" keywordseo="pb-balaji" source="Orion">PB Balaji</keyword>, Group Chief Financial Officer, Tata Motors. <cmsannotation type="cmsannotation" annotationid="JLR shifts gears" comment="subhead" text="JLR shifts gears"><keyword id="45218" type="General" weightage="80" keywordseo="jlr" source="Orion">JLR</keyword> shifts gears</cmsannotation> Tata Motors' British arm JLR reported a 57% increase in sales at 6,903 million pounds, when compared to the same period last fiscal. The operating margin, calculated as earnings before interest and taxes (EBIT) came in at 8.6% for the quarter under review. JLR claims that it has had the highest production levels in nine quarters and thus achieved the highest Q1 cashflow on record. "I am pleased to report a third consecutive quarter of strengthening financial performance for JLR... This is testament to the thousands of determined people in the business working tirelessly to deliver every aspect of our Reimagine strategy,” said Adrian Mardell, chief executive officer, JLR. <cmsannotation type="cmsannotation" annotationid="Tata Motors’ Q1 results compared" comment="subhead" text="Tata Motors’ Q1 results compared">Tata Motors’ Q1 results compared</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY24 </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY23 </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:1pt 1pt 1pt 1pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,02,236 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹71,935 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:1pt 1pt 1pt 1pt;overflow:hidden;overflow-wrap:break-word;">₹1,05,932 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,203 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹5,007 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:1pt 1pt 1pt 1pt;overflow:hidden;overflow-wrap:break-word;">₹5,408 crore </td></tr></tbody></table> Source: Company reports “We aim to deliver a strong performance in the rest of the year too, thanks to a healthy order book coupled with low-break-even in JLR, a steady improvement in demand whilst we continue to drive our demand-pull strategy in CV, a set of exciting launches ahead of the festive season in PV and continued aggression in EVs,” the company said in its exchange filing. Shares of the company ended 1.62% up at ₹639.45 apiece ahead of the earnings report, on the BSE. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/mukesh-ambanis-entourage-gets-a-new-10-crore-bulletproof-mercedes-benz-s680-guard/slidelist/102101339.cms">Mukesh Ambani’s entourage gets a new ₹10 crore bulletproof Mercedes-Benz S680 Guard</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a> <a href="https://www.businessinsider.in/business/news/netflix-india-ends-password-sharing-outside-households/articleshow/101976844.cms">Netflix India ends password sharing outside households – Here’s how it will work</a>

Tata Motors posts net profit of ₹3,203 cr in Q1 on improved JLR performance

<keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> on Friday reported over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 31, 2024, riding with all its three auto businesses delivering a strong performance, specially the British arm <keyword id="20059278" type="General" weightage="20" keywordseo="Jaguar-Land-Rover" source="keywords" meta.keywordsubtype="org" meta.entityname="Jaguar Land Rover" meta.hostid="261" meta.entityid="Jaguar Land Rover">Jaguar Land Rover</keyword>. The company had posted a consolidated net profit of Rs 5,496.04 crore in the same quarter of the previous fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood at Rs 1,19,986.31 crore, as compared to Rs 1,05,932.35 crore in the year-ago period. In <keyword id="20028449" type="General" weightage="20" keywordseo="Q4" source="keywords">Q4</keyword> FY24, Tata Motors said all three auto businesses delivered strong performance. The company's British arm Jaguar Land Rover had "another record-breaking quarter in Q4 FY24. Revenue for the quarter was 7.9 billion pounds, up 11 per cent versus Q4 FY23", Tata Motors said. JLR's Profit After Tax (PAT) in Q4 was 1.4 billion pounds as against a profit of 259 million pounds in the same quarter a year ago, it added. The Board of Directors have recommended a final dividend of Rs 3 per ordinary share and Rs 3.10 per 'A' ordinary share and a special dividend of Rs 3 per ordinary share and Rs 3.10 per 'A' ordinary share subject to approval by the shareholders. For the fiscal ended March 31, 2024, consolidated net profit was at Rs 31,806.75 crore as compared to Rs 2,689.87 crore in the previous fiscal, the company said. In FY24, total consolidated revenue from operations stood at Rs 4,37,927.77 crore as compared to Rs 3,45,966.97 crore in FY23. <keyword id="20430970" type="General" weightage="20" keywordseo="tata-motors-group" source="keywords">Tata Motors Group</keyword> Chief Financial Officer, PB Balaji said in FY24 the Tata Motors Group delivered its highest-ever revenues, profits, and free cash flows. "The India business is now debt-free, and we are on track to become net automotive debt-free on a consolidated basis in FY25. The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years," he added. JLR's revenues for FY24 were 29 billion pounds, its highest-ever full-year revenue and up 27 per cent compared to the prior year, while PAT for FY24 was 2.6 billion pounds. "We have delivered a record financial performance for the company, generating free cash flow of 2.3 billion pound, enabling us to reduce net debt to 0.7 billion pound," JLR Chief Executive Officer Adrian Mardell said. The foundation of this performance was the sustained global demand for JLR's modern luxury vehicles, led by Range Rover and Defender brands, underpinned by a consistent focus on operational improvement, he added. Tata Commercial Vehicles' Q4 FY24 revenue was at Rs 21,600 crore, while FY24 revenue was Rs 78,800 crore. In Q4 FY24, domestic wholesale commercial vehicles (CV) volumes were 1,04,600 units, lower 7 per cent year-on-year on account of increased pre-buy in Q4 FY23 due to BS6 Phase II transition, the company said. Tata Motors Ltd Executive Director Girish Wagh said the Indian CV industry grew by a modest 2 per cent in volumes during FY24, impacted by a high base effect of FY23, elections held across five states and the announcement of general elections. "Our sharp focus on profitable growth resulted in the CV business recording its highest-ever revenues of Rs 78,800 crore and profits of Rs 6,100 crore in FY24. Going forward, we will intensify our efforts to grow market share, profitably and consistently, in every business segment by delivering more value to customers with innovative products, smarter services and holistic mobility solutions," he added. Tata Passenger Vehicles clocked revenue of Rs 14,400 crore in Q4 while for the full year FY24 it was at Rs 52,400 crore. In Q4, Passenger Vehicle (PV) volumes were at 1,55,600 units, up 14.8 per cent from the year-ago period, supported by new SUV facelifts and multiple power trains, the company said. "Passenger vehicle sales in India set a record in FY24 with over 4.2 million units sold, driven by SUVs (50 per cent of overall sales) and emission-friendly powertrains. Tata Motors recorded its third consecutive year of highest sales volumes with 6 per cent growth in wholesales and 10 per cent in retail sales over FY23," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra said. The company sold 73,800 EVs during the year, marking a 48 per cent increase as compared to FY23 and crossed a milestone of 1.5 lakh cumulative EV production, he added. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank">Indian smartphone market up 8%, 5G smartphones account for over 70% of shipments</a><a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank">IPL Decoded: Highest individual scores in IPL 2024 so far, from Stoinis to Kohli</a><a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank">Apple and Samsung dominate the top-selling smartphones in Q1 2024</a>

Tata Motors Q4 consolidated net profit jumps over 3-fold at ₹17,528.59 crore

Streaming service <keyword id="2189512" type="General" weightage="80" keywordseo="prime-video" source="Orion">Prime Video</keyword> on Monday announced that the Tamil version of its "<keyword id="2028715" type="General" weightage="100" keywordseo="modern-love" source="Orion">Modern Love</keyword>" anthology series will premiere on May 18. This is the third Indian adaptation of "Modern Love", the internationally acclaimed Original anthology helmed by John Carney, following "Modern Love Mumbai" (Hindi) and "Modern Love Hyderabad" (Tamil). "<keyword id="13784653" type="General" weightage="80" keywordseo="modern-love-chennai" source="Orion">Modern Love Chennai</keyword>" brings together six brilliant creators of Indian cinema Bharathiraja, Balaji Sakthivel, Rajumurugan, Krishnakumar Ramakumar, Akshay Sundher, and Thiagarajan Kumararaja. According to the makers, the upcoming six-episode anthology presents "a bouquet of compelling and unique love stories set in the city of Chennai that explore relationships, push boundaries, and open minds". After the successful launch of "Modern Love Mumbai" and "Modern Love Hyderabad", Aparna Purohit, head of India Originals, Prime Video, said the streamer is excited to bring the third Indian edition of the well-acclaimed international franchise, "Modern Love", to the service. "At Prime Video, we are constantly working towards bringing locally rooted stories that have a universal appeal. 'Modern Love Chennai' celebrates and explores love in all its beauty, joy, and glory, hand-in-hand with the intricacies and complexities that go with the emotion. It has been wonderful collaborating with Thiagarajan Kumararaja and all the other wonderful directors to tell these heart-warming stories that explore the city's culture and nuances," Purohit said in a statement. Kumararaja, creator of the series and writer-director of one of the episodes "Ninaivo Oru Paravai", said "Modern Love Chennai" was an interesting challenge since love stories were never his cup of tea. "It has been a pleasure to partner with Prime Video to bring the latest Indian edition to the viewers. With these stories, we have explored and celebrated the old-world charm of the city, which remains rooted in a distinct blend of tradition and modernity. All the stories in this anthology take us through the journey of exploring the very complicated, and yet very simple, emotion-love-in all its eclectic forms," he added. "Ninaivo Oru Paravai", directed by Kumararaja, features Wamiqa and PB, and has music composed by veteran director Ilaiyaraaja. Ilaiyaraaja has also scored for "Margazhi", directed by Akshay Sundher, and Bharathiraja's "Paravai Kootil Vaazhum Maangal". Rajumurugan has directed "Lalagunda Bommaigal", an episode that has music composed by Sean Roldan, and features Sri Gouri Priya, Vasudevan Murali, and Vasundhara. Director Balaji Sakthivel's chapter is titled "Imaigal", starring Ashok Selvan and T.J. Bhanu, with music composed by <keyword id="40350" type="General" weightage="50" keywordseo="yuvan-shankar-raja" source="Orion">Yuvan Shankar Raja</keyword>. "Kaadhal Enbadhu Kannula Heart Irukkura Emoji" is directed by Krishnakumar Ramakumar and has a score composed by G.V. Prakash Kumar. It features Ritu Varma, Samyuktha Viswanathan, Pawan Alex, and Aniiruth Kanakarajan. "Margazhi" features Sanjula Sarathi, Chu Khoy Sheng, and Srikrishna Dayal, and "Paravai Kootil Vaazhum Maangal" stars Kishore, Ramya Nambessan, and <keyword id="36303" type="General" weightage="50" keywordseo="vijayalakshmi" source="Orion">Vijayalakshmi</keyword>. "Modern Love Chennai" is produced under the banner of Tyler Durden and Kino Fist. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/canada-to-deport-700-indian-students-as-visa-documents-found-to-be-fake/articleshow/100069195.cms">Canada to deport 700 Indian students as visa documents found to be fake</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/tamil-nadu-class-12-results-declared-state-records-94-03-pass-per-cent-kanyakumari-tops-list/articleshow/100067497.cms">Tamil Nadu Class 12 results declared: State records 94.03 pass per cent, Kanyakumari tops list</a>

Prime Video sets May 18 premiere for 'Modern Love Chennai'

<ul><li><keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> posted a consolidated net profit of ₹5,408 crore in Q4, beating analyst expectations. </li><li>This quarter’s profits were driven by growth in domestic sales and improved performance of <keyword id="42034" type="General" weightage="20" keywordseo="Jaguar" source="Orion">Jaguar</keyword> <keyword id="44719" type="General" weightage="20" keywordseo="Land-Rover" source="Orion">Land Rover</keyword>. </li><li>Total revenue from operations stood at ₹1.06 lakh crore in the fourth quarter as against ₹78,439 crore in the year-ago period. </li></ul>Tata Motors on Friday reported a consolidated net profit of ₹5,408 crore in Q4, beating<a href="https://economictimes.indiatimes.com/markets/stocks/news/tata-motors-q4-preview-auto-major-expected-to-put-up-a-strong-show-driven-by-india-and-jlr-business/articleshow/100162964.cms"> analyst expectations</a>. In the same quarter last year, it posted a consolidated net loss of ₹1,033 crore. This is Tata Motors’ second consecutive profitable quarter, after it posted losses for seven consecutive quarters since Q4 FY21. The profit this quarter is driven by growth in domestic sales and improved performance at its British subsidiary Jaguar Land Rover. Total revenue from operations grew 35% YoY to ₹1.06 lakh crore in the fourth quarter as against ₹78,439 crore in the year-ago period, it added. On a standalone basis, the automaker reported a net profit of ₹2,696 crore for the period under review as against ₹413 crore in the fourth quarter of 2022-22. For the year ended March 31, 2023, the auto major reported a consolidated net profit of ₹2,414 crore as compared with a net loss of ₹11,441 crore in FY22. Total consolidated revenue stood at ₹3.46 lakh crore in the period under review as against ₹2.78 lakh crore in 2021-22 fiscal. “The year ended on a strong note with all automotive verticals delivering robust performances leading to multiple all-time high achievements. The distinct strategy employed by each business is delivering, in unison, leading to a sharp improvement in overall results. We remain confident on growth with cash flow generation, to achieve our stated goals,” said PB Balaji, Group Chief Financial Officer, Tata Motors. Tata Motors’ Q4 and FY23 in numbers: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,42,875 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,75,523 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,05,932 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹78,439 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,414 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹11,441 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,408 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹1,033 crore </td></tr></tbody></table> Source: Company reports "In this context, we aim to further improve and deliver a strong performance in FY24. The momentum is expected to build through the year factoring in seasonality, stabilization of <keyword id="45218" type="General" weightage="20" keywordseo="JLR" source="Orion">JLR</keyword> supply chain and post RDE impact in India," the company said in an exchange filing. Shares of the company ended 0.78% down at ₹515.65 apiece ahead of the earnings report, on the BSE. (With inputs from PTI) SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/adani-hindenburg-row-sc-hints-at-granting-sebi-extension-on-probe-report-to-decide-on-may-15/articleshow/100185994.cms">Adani-Hindenburg row: SC hints at granting SEBI extension on probe report, to decide on May 15</a> <a href="https://www.businessinsider.in/business/telecom/news/vis-loss-is-jio-and-airtels-gain-jio-and-airtel-add-nearly-1-million-subscribers-each-in-feb/articleshow/100182782.cms">Vi's loss is Jio and Airtel's gain: Jio and Airtel add nearly 1 million subscribers each in Feb</a> <a href="https://www.businessinsider.in/stock-market/news/adani-transmission-adani-total-gas-dropped-by-msci-stocks-fall/articleshow/100177534.cms">Adani Transmission, Adani Total Gas dropped by MSCI, stocks tumble 5%</a>

Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates

<ul><li>Tata Motors stock falls over 17% on Friday.</li><li>Analysts have cut earnings estimate by up to 35%.</li><li>Company's luxury car unit Jaguar Land Rover is faced with a slowdown in China and the risk of a hard Brexit.</li></ul> Tata Motors lost over 17% of its stock value on Friday (February 8) after the Mumbai-based company <a href="https://www.moneycontrol.com/news/business/earnings/tata-motors-consolidated-december-2018-net-sales-at-rs-77000-89-crore-up-3-84-y-o-y-3499401.html" target="_blank">reported a consolidated quarterly loss</a> of ₹26,961 crore, the biggest in its history. Analysts have cut the company's earnings estimate by <a href="https://economictimes.indiatimes.com/markets/stocks/news/worst-quarterly-losses-in-india-incs-history-tata-motors-joins-the-league/articleshow/67900156.cms" data-type="tilCustomLink" target="_blank">up to 35%</a> despite company's attempts to sugar-coat the depleting fortunes of its luxury car brand Jaguar Land Rover (JLR). The slowdown in China, which is a huge market for JLR, had dented margin and eroded profit in the last quarter ended December 2018. The company also cut its margin estimate citing rising business uncertainties. “The 4-7% guidance was for the period between FY20 and FY22. That is something that we have now calibrated to 3-6%," PB Balaji, CFO, Tata Motors, <a href="https://www.moneycontrol.com/news/technology/auto/tata-motors-revises-margin-guidance-downwards-to-3-6-from-4-7-3501021.html" data-type="tilCustomLink" target="_blank">said</a>. The luxury car market was down 15% year-on-year in China. However, the same for JLR was down 47% to 22,000 units, which means the company is performing way worse than its peers like BMW and Audi. With the risks emerging from Brexit looming large, the outlook is rather bleak for Tata Motors. The company has written down the <a href="https://economictimes.indiatimes.com/markets/stocks/news/continued-weak-demand-could-lead-to-further-impairment-at-tata-motors/articleshow/67894091.cms" data-type="tilCustomLink" target="_blank">value</a> of the JLR business by 37.5% due to the growing risks. If the deal between UK and the European Union is worse than expected, it may hit the demand for luxury cars like JLR and the fall in sales as a result of it may further erode the share value. SEE ALSO: <ul class="breadcrumb clearfix"><li class="youhere"><a>Top IL&amp;FS Execs Swindled Money Meant For Employees, Says India's Serious Fraud Investigation Office</a></li></ul>

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Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates

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