Mumbai, May 30, 2013: Tata Motors reported standalone revenues (net of excise) of Rs 11,068 crore for the quarter ended March 31, 2013, as compared to Rs 16,391 crore for the corresponding quarter of the previous year. The operating margin was 3.6 percent for the quarter, as compared to 9.5 percent a year earlier. Loss after tax for the quarter ended March 31, 2013 was Rs 312 crore, against profit after tax of Rs 565 crore during Q4 of FY '12.
The company reported consolidated revenues (net of excise) of Rs 56,002 crore for the quarter ended March 31, 2013, a growth of 10 percent over Rs 50,908 crore for the corresponding quarter of the previous year, despite a weak operating environment in the standalone business which was more than offset by strong performance at Jaguar Land Rover (JLR). The consolidated profit (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs 3,945 crore as compared to Rs 6,234 crore for the corresponding quarter of the previous year.
The consolidated revenue (net of excise) for FY 2012-13, was Rs 188,818 crore, a 14 percent growth over Rs 165,654 crore for the corresponding period last year. The consolidated profit for the year (after tax and post minority interest and profit in respect of associate companies) was Rs 9,893 crore, compared to Rs 13,517 crore in the corresponding period last year.
Jaguar Land Rover continues to drive revenue, profits
JLR wholesales for the quarter ended March 31, 2013, grew 18.7 percent over the corresponding period last year to 116,340 units, its strongest ever quarterly global sales performance reflective of growth across its markets. Of this, the Jaguar volumes for the period stood at 21,163 units (growth of 50 percent over corresponding period last year) and Land Rover volumes at 95,177 units (growth of 13.4 percent over corresponding period last year). Strong growth follows the introduction of new products, smaller engine options, and new all-wheel drive in XF and XJ.
Revenues for the quarter ended March 31, 2013, of £ 5 billion (Rs 42,585 crore) represented a growth of 22 percent over £ 4 billion (Rs 34,068 crore) during the corresponding quarter last year. Operating profit (EBITDA) stood at £ 856 million (Rs 7,290 crore) in the quarter, represented a growth of 41.5 percent over £ 605 million (Rs 5,152 crore) during the corresponding quarter last year. Profit after tax for the quarter stood at £ 378 million/Rs 3,219 crore (£ 696 million in the corresponding quarter last year).
The revenues for the year ended March 31, 2013 were £ 15.7 billion (Rs 133,716 crore) as compared to £ 13.5 billion (Rs 114,979 crore) in the corresponding period last year. The operating profit and margin for FY 2012-13, stood at £ 2.4 billion (Rs 20,440 crore) and 15.2 percent respectively, reflecting volume increase, favourable exchange rate, launch of the new Range Rover, richer market mix supported by continued growth in China.
Jaguar Land Rover plans to add 8 new offerings in its portfolio during 2013-14.