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Tata Motors posts Rs 9,864 crore net loss in Q4

Tata Motors posts Rs 9,864 crore net loss in Q4
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Tata Motors posts Rs 9,864 crore net loss in Q4
Highlights

Tata Motors on Monday reported a consolidated net loss of Rs 9,863.73 crore for the fourth quarter ended March 31, with the coronavirus pandemic taking a toll on British arm JLR as well as its domestic business

New Delhi: Tata Motors on Monday reported a consolidated net loss of Rs 9,863.73 crore for the fourth quarter ended March 31, with the coronavirus pandemic taking a toll on British arm JLR as well as its domestic business.

The company had posted a net profit of Rs 1,108.66 crore in the January-March period of the financial year 2018-19.

The company's consolidated total revenue from operations stood at Rs 62,492.96 crore in the fourth quarter, compared with Rs 86,422.33 crore in the year-ago corresponding quarter, Tata Motors said in a statement.

On a standalone basis, the company reported a net loss from continuing operations at Rs 4,871.05 crore in the fourth quarter ended March 31, 2020. It had reported a net profit of Rs 106.19 crore in the corresponding period of 2018-19.

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