The Indian vehicle manufacturer Tata Motors – which, among other things, owns the car brands Jaguar and Land Rover – reports a net profit of 84.7 billion rupees (equivalent to almost 10 billion kronor) for the broken fiscal year's fourth quarter.
This means a profit increase of 51 percent for the quarter that ended in March compared to a year earlier. However, the decline is not as deep as feared. Analysts had on average counted on a net profit of 76.6 billion rupees.
The turnover of 1,200 billion rupees was in line with a year earlier and was approximately as expected.
Tata Motors generates around two-thirds of its revenue from the sale of Jaguar and Land Rover, two car brands that risk taking a hit in the wake of the tariffs that the Trump administration has introduced on cars and car parts.
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