GaadiKey
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • BMW
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
No Result
View All Result
GaadiKey
No Result
View All Result
Home Auto Industry

Tata Motors reports Rs 58,651 crores of Net Revenue in Q1 2018

Chethan Thimmappa by Chethan Thimmappa
August 9, 2017
in Auto Industry, Tata
0
Tata Motors Sales in October 2015
144
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Tata Motors Sales in October 2015

Tata Motors Consolidated Net Revenue Q1 FY18 ₹58,651 crores, Consolidated PAT ₹3,200 crores

For the quarter ended June 30, 2017, Tata Motors reported consolidated revenues (net of excise) of ₹58,651 crores as against ₹65,115 crores for the corresponding quarter last year. Consolidated revenues for the quarter are lower by ₹7,761 crores due to translation impact from GBP to INR. Consolidated Profit before tax for the quarter was ₹3,737 crores, against ₹2,551 crores for the corresponding quarter last year. Consolidated Profit before tax for the quarter includes one- time gain of ₹3,609 crores (£437million) relating to the changes made to the Jaguar Land Rover pension plans.

ADVERTISEMENT

The Operating performance broadly reflects:-

In Jaguar Land Rover business-
Lower wholesale volumes excluding the China JV, and continuation of higher competitive incentive levels and launch and growth costs seen in FY17.

In Standalone business-
Significant de-growth in the M&HCV segment, flat LCV segment and moderate growth in Passenger vehicle segment.

Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the quarter was ₹3,200 crores, against the Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) of ₹2,260 crores for the corresponding quarter last year. Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the quarter are lower by ₹793 crores due to translation impact from GBP to INR.

Tata Motors Standalone Financial Results (including Joint Operations) for the Quarter ended June 30, 2017 – As per Ind-AS.

ADVERTISEMENT

The sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2017, stood at 111,860 units, a de-growth of 11.8%, as compared to the corresponding quarter last year, with M&HCV de-growth of 34.8% Y-o-Y , LCV growth of 0.2% Y-o-Y and passenger vehicles segment growth of 4.7% Y-o-Y. The revenues (net of excise) of the Standalone business (including Joint Operations) for the quarter ended June 30, 2017 stood at ₹9,207 crores, as compared to ₹10,393 crores for the corresponding quarter last year. Operating profit (EBITDA) of the Standalone business (including Joint Operations) for the quarter stood at ₹3 crores. Loss before and after tax for the quarter ended June 30, 2017 was ₹467 crores, against profit before and after tax of ₹38 crores and ₹26 crores, respectively, for the corresponding quarter last year.

In Commercial Vehicles business, across all the segments, the Company has gained month-on-month improvement in sales and market share. The Company is confident of further building on this trend with increased focus on stakeholders’ engagement and on the ground marketing activities.

In Passenger vehicles business, the Company’s new cars- Tiago, Hexa, Tigor- continue to show strong sales. The Company plans to launch, in the month of September, its new car Nexon, which is receiving positive reviews in the media.

Mr Guenter Butschek, MD & CEO Tata Motors, said,

While the first quarter results have not met our expectations, we are working with renewed focus and energy to improve performance of our Commercial and Passenger Vehicle businesses. Our focus on topline, market share growth, major cost reduction initiatives and efficiency improvements have been significantly enhanced and accelerated in the last few months. Leveraging the expected market recovery, we are confident that these initiatives will help us to present significant improvement of our financials in the coming quarters.

Jaguar Land Rover Automotive PLC – (figures as per IFRS)

Retail sales for the quarter reached 137,463 vehicles, up 3.5% on the previous year led by the 2017 World Car of the Year, World Car Design of the Year and Women’s Car of the Year award- winning Jaguar F-PACE (up 86% year on year), following a sequence of successful market launches. Continuing strong demand was seen for well-established models such as the flagship Range Rover (up 14%) and Jaguar XF (up 22%), reflecting the successful launch of the long wheelbase model in China.

Sales were up year-on-year in China (30%) and North America (16%), while remaining stable in Europe (no change) and down in the UK (14%) including the timing impact of Vehicle Excise Duty introduced in April 2017.

ADVERTISEMENT

Revenue for the quarter was £5.6 billion, up £244 million. Profit before tax was £595 million, up from £399 million in Q1 2016, including a £437 million one-off credit relating to recent changes designed to improve the sustainability of the Company’s defined benefit pension plans. This was offset by the expected seasonality of sales in Q1 following a strong Q4 of 2016/17, plus the continuation of launch and growth costs.

Dr Ralf Speth, Jaguar Land Rover Chief Executive Officer, said:

The foundation of our journey of sustainable, profitable growth continues to be our investment in products, plants and people as we become a technology-driven company. We continue to deliver rising volumes and revenues across the business, reflecting strong demand for new models such as the Range Rover Velar and established global award winners such as Jaguar F-PACE.

Tata Daewoo Commercial Vehicles Co. Ltd – (figures as per Korean GAAP)

Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 253 billion (approx. ₹1,443 crores) and recorded a net profit of KRW 18 billion (approx. ₹103 crores) in the quarter ended June 30, 2017.

The Financial Results for the Quarter ended June 30, 2017, are enclosed.

You can add more to this story by commenting below.

RECOMMENDED FOR YOU:

  1.   Tata Motors Domestic Sales grows by 13% in July 2017
  2.   Tata Motors Delivers 30 Buses to BMTC
  3.   Tata TIGOR Review: The Styleback Design outsmarts Maruti Dzire
SendShare1Tweet
Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to [email protected] for any enquiries.

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments

Recent News

Skoda Auto celebrates its market entry in Vietnam with a special event

Skoda Auto celebrates its market entry in Vietnam with a special event

September 25, 2023
Honda Elevate Mega Delivery event in Chennai

Honda Elevate Mega Delivery event in Chennai

September 25, 2023
Hero Karizma XMR launched at Rs 1.73 lakhs – Gets Dual-channel ABS

Hero Karizma XMR priced at Rs 1.8 lakhs, effective from Oct 1st

September 25, 2023
Toyota India flags off “Great 4X4 Expedition” in the Northern Region of India

Toyota India flags off “Great 4X4 Expedition” in the Northern Region of India

September 23, 2023
Tata Motors opens state-of-the-art registered vehicle scrapping facility in Surat

Tata Motors opens state-of-the-art registered vehicle scrapping facility in Surat

September 23, 2023
Fabio and Franco meet Yamaha employees before MotoGP Bharat 2023

Fabio and Franco meet Yamaha employees before MotoGP Bharat 2023

September 22, 2023

Search this Website

No Result
View All Result

About

GaadiKey

GaadiKey blog is a one stop portal for all the latest in the automobile industry. We are a bunch of people who are passionate about bikes and cars. We share the experience, reviews and stuff connected to Gaadis.

Contact

  • Contact us

© 2023 GaadiKey - Prime GaadiKey.

No Result
View All Result
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • BMW
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us

© 2023 GaadiKey - Prime GaadiKey.

wpDiscuz