Tata Motors reports loss of Rs 1,048.80 crore on weak JLR sales in Q2

Reuters New Delhi, Delhi, India Oct 31, 2018, 04.19 PM(IST)

File photo. Photograph:( AFP )

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That was above the street estimate of a loss of Rs 2.40 billion, according to Refinitiv data.

Tata Motors Ltd on Wednesday reported a loss for the three months ended September, dented by weak Jaguar Land Rover sales and a one-off charge in respect to a subsidiary closure.

The automaker made a loss of Rs 10.49 billion ($141.92 million), compared with a profit of Rs 24.83 billion in the year-ago period, the company said.

That was above the street estimate of a loss of Rs 2.40 billion, according to Refinitiv data.

Total expenses during July-September rose 8.6 per cent, while revenue climbed to Rs 712.93 billion from 695.70 billion rupees a year earlier.