Shares of Tata Motors on Thursday tumbled over 8 % after the company reported 49.82 % decline in consolidated net profit for the March quarter.
The stock opened the day on a weak note and further slumped 7.93 % to ₹284.70 -- its 52-week low -- on BSE.
On NSE, shares of the company cracked 8.19 % to hit a one-year low of Rs 284.10.
The stock was the top loser on both key indices during morning trade.
Homegrown auto major Tata Motors on Wednesday reported 49.82 % decline in consolidated net profit at ₹ 2,176.16 crore for the March quarter with its British arm JLR continuing to face challenges in the UK and Europe, in addition to one-time impairment charge.
It had posted consolidated net profit of ₹4,336.43 crore in the corresponding period of last fiscal, Tata Motors said in a BSE filing.
Its consolidated income from operations in the fourth quarter of 2017-18 was Rs 91,279.09 crore. It was at Rs 78,746.61 crore in the year-ago quarter.
