Friday, 26 August 2016
Tata Motors Q1 Net Falls 57% Rs 2,260 Crore
Tata Motors on Friday reported a 57 percent decrease in consolidated net benefit at Rs 2,260.40 crore for the first quarter finished June 30, because of post Brexit antagonistic remote trade affecting its British arm JLR.
The city-based organization had posted a merged benefit of Rs 5,254.23 crore in the same time frame last fiscal year, Tata Motors said in a BSE documenting.
Consolidated net deals in the first quarter were up 10 for every penny at Rs 66,101.27 crore as against Rs 60,093.79 crore in the year-ago period.
On a standalone premise, the organization reported a net benefit of Rs 25.75 crore for the first quarter, down 91.11 for each penny from Rs 289.84 crore in the year-back quarter.
Standalone net deals were at Rs 11,311.24 crore as against Rs 10,262.76 crore in the year-back period, up 10.21 percent.