Tata Motors Q4 consolidated net loss narrows to Rs 992 crore; revenue down at Rs 78,439 crore – Times of India


NEW DELHI: Homegrown auto main Tata Motors on Thursday reported narrowing of consolidated web loss at Rs 992.05 crore within the fourth quarter ended March 2022 amid challenges of semiconductor scarcity and rising inflation.
The corporate had posted a consolidated web lack of Rs 7,585.34 crore in the identical interval final fiscal, Tata Motors stated in a regulatory submitting.
Its complete consolidated income from operations stood at Rs 78,439.06 crore within the fourth quarter as towards Rs 88,627.90 crore within the year-ago interval, it added.
On a standalone foundation, the automaker reported a web revenue of Rs 413.35 crore within the interval underneath overview as towards a web revenue of Rs 1,645.68 crore within the fourth quarter of 2020-21.
Standalone complete income from operations stood at Rs 17,338.27 crore within the fourth quarter as in comparison with Rs 13,480.42 crore in the identical interval of the earlier fiscal, Tata Motors stated.
“The important thing spotlight of this specific quarter is the sequential restoration that we noticed throughout all companies, regardless of the challenges that we had on semiconductors and inflation,” Tata Motors Group CFO P B Balaji stated in an earnings name.
For the fiscal 2021-22, Tata Motors’ consolidated web loss additionally narrowed to Rs 11,308.76 crore. It had registered a consolidated web lack of Rs 13,395.10 crore in 2020-21.
Consolidated complete income from operations in FY 22 was increased at Rs 2,78,453.62 crore as in comparison with Rs 2,49,794.75 crore in FY21.
The corporate’s British arm Jaguar Land Rover (JLR) posted income of 4.8 billion kilos within the fourth quarter and retail gross sales of autos stood at 79,008 models.
For FY22, JLR’s income was 18.3 billion kilos, down 7 per cent from the prior yr. Retail gross sales have been at 3,76,381 models, down 14 per cent in comparison with FY21, the corporate stated.
“Full yr efficiency (of JLR) in FY22 was considerably impacted by the constraint on manufacturing and gross sales ensuing from the worldwide chip scarcity,” the corporate stated.
JLR CEO Thierry Bolloré stated the setting stays troublesome in mild of the worldwide chip scarcity and different challenges.
“Nevertheless, I am inspired by the persevering with robust buyer demand for our merchandise, highlighted by a file order ebook,” he stated, including the corporate is quickly progressing on its plans for a brand new era of electrical autos with its all-electric Jaguar technique and battery electrical automobile (BEV) first EMA platform for brand spanking new Land Rover merchandise.
On the business autos entrance, Tata Motors stated home wholesales have been at 1.1 lakh models within the fourth quarter and for FY22 it was at 3.23 lakh models.
“The Indian business autos sector, deeply impacted for 2 successive years, confirmed promising indicators of development in FY22 supported by a gradual restoration within the economic system, rising industrial exercise and reopening of markets,” Tata Motors Ltd (TML) Government Director Girish Wagh stated.
The advance in client sentiment, buoyancy in e-business, firming freight charges, reopening of colleges and places of work and better infrastructure spending in highway building and mining helped regenerate demand, he added.
Wanting forward, Wagh stated, “We see important alternatives to leverage the mega tendencies shaping the Indian automotive business. We’re holding an in depth watch on geopolitical developments, gasoline inflation and semiconductor scarcity and stay optimistic while persevering with to work carefully with our clients and ecosystem companions to mitigate dangers and handle uncertainties.”
So far as the passenger autos (PV) section was involved, Tata Motors stated in This fall PV home wholesales have been at 1.23 lakh models, whereas for the complete yr FY22 home wholesales have been at 3.7 lakh models. Gross sales of electrical autos in This fall have been the very best at 9,100 models and for FY22 it was at 19,100 models.
Tata PV enterprise delivered a constant and robust efficiency resulting in the very best quarterly and annual gross sales in Tata Motors’ historical past, the corporate stated.
“In a difficult yr disrupted by Covid, semiconductor disaster and steep enhance in commodity costs, Tata Motors set a number of new information in passenger and electrical autos to make FY22 a landmark yr,” Tata Motors Passenger Autos Ltd & Tata Passenger Electrical Mobility Ltd Managing Director Shailesh Chandra stated.
Going ahead, he stated, “The demand for our ‘New Without end’ vary continues to stay robust even because the semiconductor scenario and provide facet challenges stay unsure. We stay agile and can proceed to take prudent actions whereas enhancing our deal with future-fit initiatives of remodeling buyer expertise digitally and strengthening our established lead in sustainable mobility.”


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