Tata Motors’ Q4 profit beats

22 May, 2019 12:00 AM printer

Bengaluru: Tata Motors Ltd’s fourth-quarter profit fell less than expected on Monday, with the Indian automaker saying tighter control of expenses and a turnaround at its Jaguar Land Rover (JLR) unit helped dull the impact of economic slowdown at home.

Three months ago, Tata promised “decisive action” to cut costs at JLR and improve cash flow after weak sales at the British luxury car brand led Tata to post the biggest-ever quarterly loss in Indian corporate history, report agencies.

India’s biggest automaker by revenue earned Rs11.17 billion (Dh587 million or $160.26 million) in net profit for the three months ended March 31 — its first quarterly profit in the fiscal year.