The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
Net sales rose to Rs 64,715.81 crore (Rs 647.15 billion) from Rs 55,841.70 crore (Rs 558.41 billion), Tata Motors said in a filing to the BSE.
The company said it posted growth in sales ‘despite a weak operating and economic environment in the standalone business, which was more than offset by strong demand for new products, growth in volumes, richer product mix and richer geographic mix at Jaguar Land Rover.’
For the year ended March 31, Tata Motors posted a consolidated net profit of Rs 13,991.02 crore (Rs 139.91 billion), up 41.42 per cent from Rs 9,892.61 crore (Rs 98.92 billion) in the previous fiscal.
Net sales rose to Rs 2,30,677.10 crore (Rs 2,306.77 billion) for the year ended March 31, as against Rs 1,87,627.90 crore (Rs 1,876.27 billion).
On a standalone basis, Tata Motors said its net loss widened to Rs 816.61 crore (Rs 8.16 billion) in the fourth quarter from Rs 312.15 crore (Rs 3.12 billion) in the same
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