Tata Motors reports loss of Rs 10.49 billion on weak JLR sales in Q2

Tata Group Chairman N Chandrasekaran said the Tata Motors' domestic business continued to deliver strong improvement in operational and financial performance

Tata Motors Wednesday reported a consolidated net loss of Rs 10.09 billion for the second quarter ended September 30, 2018, mainly due to a weak performance by its British arm Jaguar Land Rover (JLR).

The company had reported a net profit of Rs 25.0167 billion in the July-September quarter of 2017-18.

Total revenue from operations, however, rose 3.3 per cent to Rs 721.1208 billion as compared to Rs 698.3868 billion in the year-ago period, Tata Motors said in a regulatory filing.

On a standalone basis, the company reported a net profit of Rs 1.0914 billion. It had reported a net