Tata Motors' Q3 net profit plunges 96% YoY to Rs 112 crore
ETMarkets.com|
Updated: Feb 14, 2017, 03.19 PM IST
Tata Motors on Tuesday reported a 96.20 per cent plunge in consolidated profit after tax (post profit/loss in respect of joint ventures and associate companies) at Rs 112 crore for the December quarter.
The company had reported a consolidated profit after tax (post profit / loss in respect of joint ventures and associate companies) of Rs 2,953 crore in the corresponding quarter of last year, the company said in a BSE filing.
Consolidated revenues (net of excise) for the quarter came in at Rs 67,484 crore, compared with Rs 70,567 crore for the corresponding quarter last year. The company attributed this to unfavourable translation impact of Rs 10,670 crore.
Consolidated Profit before tax (PBT) for the quarter stood at Rs 599 crore, compared with Rs 3,414 crore in the same quarter last year.
The company had reported a consolidated profit after tax (post profit / loss in respect of joint ventures and associate companies) of Rs 2,953 crore in the corresponding quarter of last year, the company said in a BSE filing.
Consolidated revenues (net of excise) for the quarter came in at Rs 67,484 crore, compared with Rs 70,567 crore for the corresponding quarter last year. The company attributed this to unfavourable translation impact of Rs 10,670 crore.
Consolidated Profit before tax (PBT) for the quarter stood at Rs 599 crore, compared with Rs 3,414 crore in the same quarter last year.