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Tata Motors shares dive over 8% after Q1 earnings

They reported 42% jump in net profit to Rs 3,200 cr for June quarter

Press Trust of India  |  New Delhi 

tata motors
File photo of men ride a motorbike as they come out of a past a Tata Motors car plant at Sanand in Gujarat. Photo: Reuters

of on Thursday slumped over 8 per cent after the company's June quarter earnings failed to meet market expectations.

After opening the day on a weak note, of the company further plunged 8.23 per cent to Rs 382.45 -- its 52- week low -- on


On NSE, of the company dived 8.16 per cent to hit its one year low of Rs 382.10.

Homegrown auto major yesterday reported 41.54 per cent jump in to Rs 3,199.93 crore for the June quarter of the current fiscal, benefiting from one-time relating to changes made to pension plans.

It had posted consolidated of Rs 2,260.4 crore in the April-June period of last fiscal, said in a filing.

from operations during the period under review stood at Rs 59,818.22 crore, as against Rs 66,165.89 crore in the year-ago period, down 9.59 per cent.

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