LAST UPDATED: May 19, 2021, 12:30 p.m.
New Delhi (Anish Yande): Shares of Tata Motors fell by 6 percent on Wednesday’s trading session as the automobile manufacturer announced its results for the March quarter of FY21. Tata Motors’s share opened at Rs 313 per share from its previous close of Rs 332.45 per share on Monday.
The shares of the bank rose to an intraday high of Rs 322.95 per share before declining to Rs 312.
Tata Motors records net loss of Rs 7,605 crore in Q4:
Tata Motors recorded a consolidated net loss of Rs 9,894.2 crore in the March quarter of FY20. The automobile manufacturer’s consolidated net loss narrowed to Rs 7,605 crore in the fourth quarter ended March 2021. Tata Motors had recorded a net profit of Rs 2,906 crore in the December 2020 quarter.
For the full year FY21, Tata Motors’ consolidated net profit was reported at Rs 13,395 crore. The net loss was at Rs 11,975 crore in the previous year. On a standalone basis, the car manufacturer reported a net profit of Rs 1,646 crore in the March quarter as compared to a loss of Rs 4,871 crore in the year-ago period.
In full-year FY21. Tata Motors’ consolidated loss increased to Rs 13,451.39 crore as compared to Rs 12,070.85 crore in the previous year.
Revenue from operations rises by 42 percent:
The automobile manufacturer’s revenue from operations is posted at Rs 88,628 crore in the March quarter of 2021 that rose from Rs 62,493 crore in Q4 FY20. The revenue rose by 42 percent on a year-on-year basis.
Tata Motors’ India business recorded an increase in revenues to Rs 20,046 crore in the March 2021 quarter, at a 106 percent year-on-year basis. Revenue declined 4.3 percent to Rs 2,49,794.75 crore as compared to the previous year in FY21.
Jaguar Land Rover sales declined to 1.23 lakh units in the January-March quarter, a decrease of 3.88% on a sequential basis. JLR contributes 80% to Tata Motors’ revenue.
The automobile manufacturer’s reported the earnings before interest, tax, depreciation, and amortization (EBITDA) at Rs 12,700 crore. The sales of Passenger Vehicle are at 79,600 units, at an increase of 191.6 percent and
the market share improved by 8.2 percent during FY21.
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