New Delhi: Tata Motors reported a consolidated net loss of Rs 9,863.73 crore for the quarter ended March 31. Domestic sales have also been affected, with the Corona virus epidemic affecting the company’s British unit JLR. Earlier, the company had a net profit of Rs 1,108.66 crore in the January-March quarter of the financial year 2018-19.
tata motors said in a statement that the consolidated total operating income of the company stood at Rs 62,492.96 crore in the fourth quarter of 2019-20 as against Rs 86,422.33 crore in the same quarter a year ago. On a stand-alone basis, the company incurred a net loss of Rs 4,871.05 crore for the quarter ended 31 March 2020.
At the same time, it had a net profit of Rs 106.19 crore in the same quarter of 2018-19 a year ago. Jaguar Land Rover (JLR) reported a loss of 501 million pounds in the quarter under review, while its income was 5.4 billion pounds. Tata Motors incurred a net loss of Rs 11,975.23 crore on an integrated basis in FY 2019-20 as against Rs 28,724.20 crore in 2018-19.
