Companies

Tata Motors reports Rs 1,902 cr loss in Q1

Reuters July 31 | Updated on July 31, 2018 Published on July 31, 2018

Tata Motors Ltd reported on Tuesday a loss for the three months through June, hurt by higher raw material costs.

It said it made a net loss of Rs 1,902 crore ($277 million), compared with a profit of Rs 3,182 crore in the same quarter a year ago.

Changes to the way JLR's pension payments are calculated had resulted in a one-time gain of Rs 3,609 crore last year.

Total expenses during April-June rose about 17 per cent to Rs 698.90.

Published on July 31, 2018
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