Tata Motors posts Q3 total net loss at Rs 26,961 crore on one-time hithit by asset impairment in its British arm Jaguar Land Rover (JLR).
Tata Motors today announced a combined total deficit of Rs 26,960.8 crore for the second from last quarter finished December 31, hit by resource disability in its British arm Jaguar Land Rover (JLR).
Tata Motors Thursday announced a solidified overal deficit of Rs 26,960.8 crore for the second from last quarter finished December 31, hit by resource impedance in its British arm Jaguar Land Rover (JLR).
The organization had revealed a net benefit of Rs 1,214.6 crore in the October-December quarter of 2017-18.
The auto major said benefit was affected by an extraordinary thing of advantage debilitation in its British arm Jaguar Land Rover (JLR) of Rs 27,838 crore (3.1 billion pounds).
Complete income from activities, nonetheless, rose 4.36 percent to Rs 77,582.71 crore when contrasted with Rs 74,337.7 crore in the year-prior period, Tata Motors said in an administrative recording.
On an independent premise, the organization posted PAT of Rs 617.62 crore as against Rs 211.59 crore in the year-prior quarter.
All out independent salary rose to Rs 16,477.07 crore as against Rs 16,186.15 crore in a similar time of past financial.
JLR's income, in any case, declined 1 percent to 6.2 billion pounds.
Tata Group Chairman N Chandrasekaran said the organization's local business proceeds with the solid force and has conveyed piece of the pie gains just as beneficial development.
"The turnaround 2.0 procedure is conveying great with a proceeding with arrangement of item dispatches, which are the essential building hinders for maintainable development," he included.
In JLR, the economic situations keep on being testing especially in China, Chandrasekaran said.
"The organization has found a way to venture up intensity, diminish the expenses and enhance the money streams while proceeding to put resources into energizing items and driving edge advancements. With these intercessions, we are building Tata Motors gathering to convey solid outcomes in the medium term," he included.
Tata Motors shares Thursday settled 2.64 percent up at Rs 182.90 on the BSE.
0 comments:
Post a Comment