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Tata Motors Q4 net profit dips 49% to Rs 1,109 crore

NEW DELHI: Homegrown auto major Tata Motors on Monday reported 49 according to cent decline in consolidated web profit to Rs 1,108.66 crore for the fourth quarter ended March 31. The company had posted a consolidated web profit of Rs 2,175.16 crore in the similar duration earlier fiscal, it mentioned in a regulatory filing.

Total income right through the duration beneath assessment stood at Rs 87,285.64 crore as against Rs 91,643.44 crore within the year-ago duration.

For the entire 2018-19, the corporate posted a consolidated web lack of Rs 28,724.20 crore, compared to web profit of Rs nine,091.36 crore in 2017-18.

Total income stood at Rs three,04,903.71 crore for the last fiscal as against Rs 2,96,298.23 crore in 2017-18, the filing mentioned.

The company's domestic business posted standalone web profit of Rs 106.19 crore for the fourth quarter as against web lack of Rs 499.94 crore right through the similar duration earlier fiscal.

Standalone general income from operations stood at Rs 18,561.41 crore as compared to Rs 19,173.46 within the fourth quarter a 12 months ago.

For the fiscal ended March 31, the corporate's standalone profit stood at Rs 2,398.93 crore against a web lack of Rs 946.92 crore within the preceding financial 12 months.

Total income from operations for the entire 2018-19 used to be Rs 69,202.76 crore, as compared to Rs 58,689.81 crore in 2017-18.

Tata Motors shares on Monday ended 7.53 according to cent up at Rs 190 apiece on the BSE.

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