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Consolidated revenue for Tata Motors in the quarter ended March 2016 grew 19 per cent year-on-year to ₹80,684 crore, while consolidated net profit saw a three-fold rise to ₹5,177 crore.
Retail sales volumes at JLR witnessed about 28 per cent growth year-on-year during the quarter, thanks to the ramp-up in China volumes and the success of the new Jaguar XE, Jaguar XF, Jaguar XJ (2016 model year) and Discovery Sport introduced in the last year. JLR reported 13 per cent growth in revenue, while its net profit moved up by 56 per cent. Profit growth was also aided by the better performance of the Chinese joint venture for local production and an exceptional item related to insurance recoveries.
In the standalone domestic business, improving freight demand and construction activity saw commercial vehicle volumes grow 27 per cent year-on-year. Thanks to this, the standalone business turned the corner, recording profit of ₹465 crore, compared with a loss of ₹1,164 crore a year ago.
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