Tata Motors reports net loss of ₹3,679 crore in Q1

Tata Motors had posted a net loss of ₹1,862.57 crore in the year-ago quarter, the company said in a regulatory filing.

July 25, 2019 05:27 pm | Updated 05:28 pm IST - New Delhi

HYDERABAD (AP) - 26-11-2010 -  Logo of Tata Motors  --PHOTO: P_V_SIVAKUMAR

HYDERABAD (AP) - 26-11-2010 - Logo of Tata Motors --PHOTO: P_V_SIVAKUMAR

Homegrown auto major Tata Motors on July 25 reported a consolidated net loss of ₹3,679.66 crore for the first quarter ended June 30.

The company had posted a net loss of ₹1,862.57 crore in the year-ago quarter, Tata Motors said in a regulatory filing.

Total revenue during the period under review stood at ₹61,466.99 crore as against ₹66,701.05 crore in the corresponding period last fiscal.

Total vehicle sales of Tata Motors group for the quarter were at 1,36,705 units, down 22.7% compared to the same period last fiscal, the company said.

British arm Jaguar Land Rover (JLR) reported a pre-tax loss of 395 million pounds as compared to 264 million pound loss in the same period a year ago.

On a standalone basis, Tata Motors said its net loss for the quarter was at ₹97.10 crore as against a net profit of ₹1,187.65 crore in the year-ago period.

Shares of the company ended 4.56% down at ₹144.35 on the BSE.

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