Tata Motors March Quarter Profit Halves, Misses Estimate

Tata Motors Ltd said on Wednesday fourth quarter profit halved, coming in sharply below estimates. Net profit fell to Rs 2,125 crore ($310.74 million) for the January to March quarter, versus Rs 4,296 crore a year ago.

Fourteen analysts polled by Thomson Reuters had expected the company to post a net profit of Rs 3,840 crore.

Income from operations for the quarter rose 15.9 per cent to Rs 91,279 crore.
 

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