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Tata Motors reports net loss of Rs 1,862.57 crore for Q1

The stock ended at Rs 264.95, up 0.30 percent on BSE. Intra-day, it tanked 6.11 percent to Rs 248.


PTI 01 Aug 2018, 11:13 AM India

Shares of Tata Motors today erased early losses to end flat a day after the company reported a consolidated net loss of Rs 1,862.57 crore for the first quarter ended June 30.

The stock ended at Rs 264.95, up 0.30 percent on BSE. Intra-day, it tanked 6.11 percent to Rs 248.

At NSE, shares of the company settled just 0.11 percent higher at Rs 264.40.

In terms of equity volume, 32.49 lakh shares of the company were traded on BSE and over 5.3 crore shares changed hands at NSE during the day.

Tata Motors group yesterday 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 in a regulatory filing.

On a 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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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