Tata Motors Passenger Vehicles Q4 Profit Declines Despite Higher Revenue

India, May 14 -- Tata Motors Passenger Vehicles Limited (TMPV.NS) on Thursday reported lower fourth-quarter profit despite higher revenue.

Profit before tax from continuing operations declined to INR 7,277 crore from INR 9,888 crore a year earlier.

Profit from continuing operations fell to INR 5,878 crore or INR 15.70 per share from INR 7,241 crore or INR 19.43 per share a year earlier.

The company reported fourth-quarter profit attributable to shareholders of INR 5,783 crore or INR 15.70 per share, compared with INR 8,470 crore or INR 23.00 per share last year.

Revenue from operations increased to INR 105,447 crore from INR 98,377 crore last year.

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