Tata Motors reports net loss of Rs 1,862 cr in Q1

Tata Motors on Tuesday reported a consolidated net loss of Rs 1,862.57 crore for the quarter ended June 30, 2018. The company had reported a net profit of Rs 3,199.93 crore in the April-June quarter of 2017-18. Total revenue from operations however rose to Rs 67,081.29 crore as compared with Rs 59,818.22 crore in the year-ago period, Tata Motors said in a regulatory filing. On standalone basis, the company reported a net profit of Rs 1,187.65 crore. It had reported a net loss of Rs 463.14 crore in the first quarter of 2017-18. Total revenue from operations grew to Rs 16,803.11 crore during the quarter from Rs 10,366.19 crore in the same period of 2017-18. JLR revenue however declined 6.7 per cent to 5.2 billion pounds. (Text: PTI)