Tata Motors fourth-quarter profit halves, lags estimate

(Reuters) - India's Tata Motors Ltd said on Wednesday fourth quarter profit halved, coming in sharply below estimates.

Net profit https://www.bseindia.com/xml-data/corpfiling/AttachLive/20a877b9-97cc-46ba-af15-ee57a51ec94b.pdf fell to 21.25 billion rupees ($310.74 million) for the January to March quarter, versus 42.96 billion rupees a year ago.

Fourteen analysts polled by Thomson Reuters had expected the company to post a net profit of 38.40 billion rupees.

Income from operations for the quarter rose 15.9 percent to 912.79 billion rupees.

($1 = 68.3850 Indian rupees)

(Reporting by Krishna V Kurup in Bengaluru; Editing by Himani Sarkar and Adrian Croft)