Shares of the Tata Motors plunged more than 5 Per cent on Wednesday after the company reported poor Q4 numbers on Tuesday.
The consolidated profit after for the quarter stood at Rs 1,717 crores, against Rs 3,918 crores for the corresponding quarter last year.
Tata Motors reported consolidated revenues of Rs.67,576 crores for the quarter ended March 31, 2015, a growth of 3.5% over Rs.65,317 crores for the corresponding quarter last year.
The growth was due to increase in wholesale volumes and richer product mix both in the standalone business and Jaguar Land Rover (JLR), the company said in the BSE filing.
The sales (including exports) of commercial and passenger vehicles for the quarter ended March 31, 2015, stood at 1,39,053 units, up by 5.1%, as compared to the corresponding quarter last year.
Tata motors, said that considering the continued weak operating environment in the standalone business, and in view of the losses for the year no dividend is permitted to be paid to the Members for FY 2014-15.
Shares of the Tata Motors was seen trading at Rs 471, lower by 5.11 per cent on BSE at 12.05 PM IST. It touched an intra-day low of Rs 463 during the trade.