Tata Motors Ltd. said net profit attributable to shareholders for the fourth quarter ended March 31 reached 21.25 billion Indian rupees, or 6.24 rupees per share, down from 42.96 billion rupees, or 12.63 rupees per share, in the prior-year quarter.
The Indian automotive manufacturing company recorded a year over year increase in total income as it climbed to 916.43 billion rupees from 789.80 billion rupees in the previous same period.
The company's cost of materials rose to 508.76 billion rupees, up from 417.58 billion rupees in the prior-year period.
The company's total expenses for the quarter rose to 876.95 billion rupees from 737.34 billion rupees previously.
Net profit for the year ended March 31 came in at 89.89 billion rupees, or 26.45 rupees per share, compared to 74.54 billion rupees, or 21.93 rupees per share, in the prior year.
"FY18 has been a hallmark year for Tata Motors with a record breaking sales performance, increase in market share and the standalone business turning profitable before one-time exceptional charges," said Guenter Butschek, Tata Motors CEO and managing director.
As of May 23, US$1 was equivalent to 68.37 Indian rupees.
