Tata Motors is another company which posted dampening numbers, adding more water to the already cold markets. The stock is currently down over 5% at Rs.472 but this is after hitting an intra day low at Rs.463.90.  

Consolidated net profit for Q4FY15 slipped 56% to Rs.1716 crore though total income showed a 3% rise at Rs.67,576 crore. High depreciation, up 23% at Rs.3857 crore and MTM on non-matured hedges pushed down the bottomline.

On a standalone basis, the company ended the quarter with a loss of Rs.1164 crore v/s loss of Rs.817 crore (YoY). So once again, as has been proven time and again, it is JLR which is helping the company remain in the black. JLR for Q4FY15, posted a 9% rise in sales at GBP 5,826 million. EBITDA came in at GBP 1,016 million, up 10%. But once again, higher depreciation and amortization and unfavourable revaluation of foreign currency debt and unrealised hedges that are not eligible for hedge accounting treatment, net profit came in at GBP 302 million, down 33%. Jaguar Land Rover wholesales and retails for the year ended March 31, 2015 were 470,523 units and 462,209 units respectively 129,205 units and 124,307 units respectively for Q4 FY 15).