Tata Motors’ Q4 net dips 56%

Mumbai, May 26

Tata Motors today reported a 56.19% decline in consolidated net profit at Rs 1,716.50 crore for the fourth quarter ended March 31, as its domestic business remains a drag, while British arm Jaguar Land Rover also witnessed weak demand. The company had reported a consolidated net profit of Rs 3,918.29 crore in the same quarter previous fiscal. Consolidated net sales during the period under review stood at Rs 67,297.99 crore as against Rs 64,715.81 crore in the year-ago period, up 3.99%, the company said.

Tech Mahindra profit declines 23% to Rs 472 cr

IT services firm Tech Mahindra has posted a 23% decline in its net profit to Rs 472 crore for the quarter ended March 31, impacted by cross currency headwinds and salary hikes. The company had posted a net profit of Rs 614.21 crore in the corresponding quarter last fiscal. The company's revenues, however, grew 20.9% to Rs 6,116.79 crore in the reported quarter from Rs 5,058.11 crore in the January-March quarter of 2014.

BHEL Q4 net falls 52%

BHEL on Tuesday reported 52% fall in standalone net profit at Rs 888.35 crore for the quarter ended March 31, 2015. The state-owned firm had posted a net profit of Rs 1,844.59 crore in the year-ago period, it said in a BSE filing.  Standalone net sales of the public sector undertaking (PSU) declined by 16% to Rs 12,368.43 crore in the January-March quarter of the last fiscal against Rs 14,754.89 crore in the same quarter of 2013-14 fiscal. PTI