Why Tata Motors Stock is Falling? Tata Motors books Loss in Q3 Result Update
Tata Motors reports massive Rs 26,961 crore Q3 loss on one-time hit from asset impairment at JLR
Auto major Tata Motors on Thursday reported a massive Rs 26,961 crore consolidated loss for the December quarter. The company said it took one-time exceptional non-cash charge for asset impairment of 3.1 billion pounds.
The auto firm had posted a profit of Rs 1,214.60 crore in the year-ago period.
Consolidated revenue for the quarter under review rose 5 per cent YoY to Rs 77,001 crore.
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