(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)