The automobile giant on Monday reported consolidated profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets.
It had posted a consolidated loss after tax of Rs 1,740 crore in the July-September period of last fiscal. On standalone basis, Tata Motor’s net loss widened to Rs 631 crore for the quarter under review, compared to Rs 289 crore in the year-ago period.
Shares of company declined as much as 8.11 per cent to hit intraday low of Rs 462.05 apiece on Bombay Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 26,446.67, down 354.18 points, or 1.32 per cent, at 13:10 hours.