India's Tata Motors reported a 17 percent fall in fourth-quarter net profit on Tuesday as losses in its domestic business outweighed strong sales at luxury British arm Jaguar Land Rover (JLR). Consolidated net profit for the three months to March 31 fell to Rs 4,336 crores ($668.72 million) from Rs 5,211 crores a year earlier. Total income from operations fell 2.6 per cent to Rs 7,8981 crores. Analysts had expected a profit of Rs 2,695 crores, according to Thomson Reuters data. "We have missed our objectives and we have not been able to live up to our ...
Losses in India outweigh strong JLR sales for Tata Motors
Total income from operations fell 2.6 per cent to Rs 78,981 crores