Motors Ltd is India's largest automobile company and market leader in comercial vehicle dissappointed its financial result. Company reported lower-than-expected consolidated net profit at Rs 1,717 crore for the fourth quarter ended March 31, 2015 (Q4) on account of also its luxury vehicle manufacture lower-than-expected operating performance at Jaguar Land Rover (JLR). Its earnings of $6.4 billion on revenue of $33.6 billion for its fiscal year that ended March 31.
Company volume is still strong and we are expcting 7 to 9 % growth in FY 16. The Commercial vehicle started to show positive growth specially in M&HCV segment. After result announce by company, its share plunge by 5.37% pct.
Source: Autobei
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