Talk:Tata Motors/Archives/2017

Financial results

An unregistered user has changed the financial figures in the infobox, and has sourced the new figures to http://www.tatamotors.com/about-us. That webpage does not give these figures.

The previous version had broadly similar figures, sourced to Google finance. However, that webpage gives significantly different figures which are for 2014.

The figures we need are in Tata Motors' 2015-16 annual report and accounts.[1].

The financial reports are for the year ending 31 March 2016. At that date the exchange rate for the Indian rupee was 66.2491 to the US dollar.[2] The report gives figures as crore rupees. A crore is 10 million, so ₹1 crore was worth $ 151,000 and ₹10,000 crore was worth $B 1.51. Please check this.

The balance sheet for 31 March 2016 is on page F-8 (page 206 the PDF file)

• Total assets = ₹52,426.25 crore ($B 7.91)

The statement of profit and loss for the year ending 31 March 2016 is on page F-9 (PDF page 209). Revenue and profit are stated in various ways, but the bottom lines are:

• Total revenue = ₹44,502.74 crore ($B 6.71)
• Profit after tax for the year from continuing operations = ₹234.23 crore ($M 35.4)

I propose to give these figures as ₹crore values, to follow what I assume is Indian financial practice. I will give US$ equivalents at the exchange rate on the the accounting date.

"Total equity" is not on the main balance sheet or the profit and loss statement, and I can't find it elsewhere in the annual report. I am not qualified to calculate this from other figures, and I propose to delete this figure from the infobox. Total equity is not the same as share capital or capitalisation.

These figures are dramatically different from those currently in the article. The old figures might be for the entire Tata group, or they may just be wrong.

I am concerned that these figures are significantly lower than the Wikipedia figures for other motor manufacturers (Ford, General Motors and Volkswagen). This could be because these companies are significantly bigger, or due to accounting differences, or errors in Wikipedia. I am assuming that the balance sheet and statement of profit and loss on pages F-8 and F-9 of the annual report are for the whole of Tata Motors, including Jaguar Land Rover and the other subsidiaries. Verbcatcher (talk) 03:14, 7 February 2017 (UTC)

These figures appear to be much too low. This report says that 583,313 Jaguars and Land Rovers were manufactured in 2016. Assuming an average wholesale price of 25,000 USD (before dealer markups) would give a revenue of $B 14.6 for JLR, more than double the figure above for the whole of Tata Motors. Verbcatcher (talk) 01:25, 8 March 2017 (UTC)