Tata Motors Ltd. (NYSE: TTM) reported their earnings for their consolidated Q4 Fiscal Year, at a 10.1 Year over Year or £7.3B or $9.4B The operating profit of EBITDA, is up by 17+% or £1.1B or 1.4B and the profit after tax (PAT) is up 18% YOY, which translates to £557M or $725M.* Shares in the market are trading at a 6.8% increase
The fiscal quarter for Tata touts higher wholesale volumes as well as marketing cost.
According to Tata motors Press Release, Jaguar Land Rover (JLR) a subsidiary of TATA Motors stated that they were pleased
*These figures are for the sale of Jaguar in the Q4 fiscal year that ends 2017. As stated by the company: “it has been a challenging and highly volatile year, which followed a period of low demand and inconsistent recovery in the prior years in the automotive sector in India. In addition, the Company also under performed on many fronts, amplifying the impact of the external environment. On the way forward, we have detailed actions under focused implementation, and expect to significantly enhance the overall business performance in the coming periods.