 "TATA, TATA group")
Tata Motors on Thursday reported a consolidated net loss of Rs 3,679.66 crore for June quarter of the financial year 2019-20 (FY20) as against a loss of Rs 1,862.57 crore registered in the year-ago period. Total revenue from operations came in at Rs 61,467 crore, down 7.84 per cent year-on-year (YoY).
The company stated that Q1 was impacted by demand slowdown, higher axle loads, liquidity stress, low freight availability for cargo operators.
The company stated that Q1 was impacted by demand slowdown, higher axle loads, liquidity stress, low freight availability for cargo operators.
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EBITDA (earnings before interest, tax, depreciation and amortisation) slipped 130 basis points (bps) YoY to 6.2 per cent, while EBIT margin plunged 170 bps to a negative 2.5 per cent.
JLR's performance disappoints
EBITDA (earnings before interest, tax, depreciation and amortisation) slipped 130 basis points (bps) YoY to 6.2 per cent, while EBIT margin plunged 170 bps to a negative 2.5 per cent.
JLR's performance disappoints
Retail sales
