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Tata Motors posts second-quarter loss on lean JLR sales, one-off charge

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Tata Motors posts second-quarter loss on lean JLR sales, one-off charge

Tata Motors posts second-quarter loss on lean JLR sales, one-off charge
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Thomas Peter(Reuters)
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(Reuters) - India's Tata Motors Ltd <TAMO.NS> on Wednesday reported a loss for the three months ended September, dented by weak Jaguar Land Rover sales and a one-off charge in respect to a subsidiary closure.

The automaker made a loss of 10.49 billion rupees (111.40 million pounds), compared with a profit of 24.83 billion rupees in the year-ago period, the company said https://www.bseindia.com/xml-data/corpfiling/AttachLive/095240d6-59c0-4c89-9b84-db76ac8d2e1c.pdf.

That was above the street estimate of a loss of 2.40 billion rupees, according to Refinitiv data.

Total expenses during July-September rose 8.6 percent, while revenue climbed to 712.93 billion rupees from 695.70 billion rupees a year earlier.

(Reporting By Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips)

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