Tata Motors Q1 Results
Consolidated net loss widens to ₹5,007 cr, misses estimates
In the previous fiscal year, it posted a consolidated net loss of Rs. 4,450.92 crore (Q1FY22).
Tata Motors Q1 update: The passenger vehicle manufacturer's consolidated revenue increased by 8% to Rs. 71,934.66 crore from Rs. 66,406.05 crore the previous year.
Tata Power reported a net profit of Rs 465.69 crore in the same quarter of 2021-22 in a BSE filing.
Tata Motors Ltd recorded a consolidated net loss (attributable to shareholders) of Rs. 5,006.60 crore for the April-June quarter on Wednesday (Q1FY23).
The passenger vehicle manufacturer's consolidated revenue increased by 8% to Rs. 71,934.66 crore from Rs. 66,406.05 crore the previous year.
Analysts predicted that the automaker would disclose a consolidated net loss of Rs. 1,263 crore in the June quarter.
The EBIT margin has fallen to 4.4 percent as a result of fewer wholesales and a poorer product mix.
On Wednesday, July 27, 2022, the company's stock closed 0.59 percent higher on the NSE at Rs. 443.75.
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