Tata Motors Q1 loss at Rs 1,862 cr
Tata Motors group on Tuesday reported a consolidated net loss of Rs 1,86257 crore for the first quarter ended June 30, dragged down by multiple...
New Delhi: Tata Motors group on Tuesday reported a consolidated net loss of Rs 1,862.57 crore for the first quarter ended June 30, dragged down by multiple challenges that its British arm JLR faced in major markets, including China, UK, Europe and the US.
The company had reported a net profit of Rs 3,199.93 crore in the April-June quarter of 2017-18. Total revenue from operations, however, rose to Rs 67,081.29 crore as compared with Rs 59,818.22 crore in the year-ago period, Tata Motors said. On standalone basis, the company reported a net profit of Rs 1,187.65 crore.
It had reported a net loss of Rs 463.14 crore in the first quarter last fiscal. Standalone total revenue from operations grew to Rs 16,803.11 crore during the quarter compared to Rs 10,366.19 crore in the same period of 2017-18.