Tata Motors Passenger Vehicles Ltd.
-3.55 (-1.08%) Tata Motors reports 42% surge in Q1 consolidated net profit
Date: 09-08-2017Tata Motors has reported results for first quarter ended June 30, 2017.
The company has reported net loss of Rs 467.05 crore for the quarter under review as compared to net profit of Rs 25.75 crore for the same quarter in the previous year. Total income of the company decreased by 8.66% at Rs 11015.25 crore for Q1FY18 as compared Rs 12059.46 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 41.56% surge in its net profit at Rs 3199.93 crore for the quarter under review as compared to Rs 2260.40 crore for the same quarter in the previous year. However, total income of the company decreased by 9.60% at Rs 59972.33 crore for Q1FY18 as compared Rs 66339.48 crore for the corresponding quarter previous year.