Tata Motors returns to profit in Q4
  • WebDesk BTVI
  • May 20 2019

Tata Motors declared their Q4 numbers on Monday. The company’s consolidated profit after tax (PAT) stood at Rs 1,117 crore versus Rs 2,125 crore, down 47.4% (YoY). Tata Motors management says the company’s EBITDA margin has started to pick up and is currently standing at 9%. The management adds that revenue was impacted by decline in Chinese market and that it sees challenging market conditions going ahead.