Latest News | Tata Motors Shares Decline Nearly 4 Pc After Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 2021.
New Delhi, Feb 1 (PTI) Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 2021.
The stock fell 3.66 per cent to Rs 498.55 on the BSE.
Also Read | Online Word Puzzle Game Wordle Acquired by NYT: Report.
On the NSE, it dropped 3.68 per cent to Rs 498.65.
On Monday, Tata Motors reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover (JLR).
The company had posted a consolidated net profit of Rs 2,941.48 crore in the same period last fiscal.
Its consolidated revenue from operations stood at Rs 72,229.29 crore in the third quarter as against Rs 75,653.79 crore in the year-ago quarter, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)