Mumbai: Shares of Tata Motors on Wednesday dropped 3 per cent after the firm reported a 51 per cent decline in consolidated net profit for the March quarter.
The company’s stock declined 3 per cent to Rs 686 apiece on both the BSE and NSE.
Tata Motors on Tuesday reported a 51 per cent decline in consolidated net profit to Rs 8,556 crore for the March quarter, hit by lower volumes and operating leverage.
The auto major had posted a consolidated net profit of Rs 17,528 crore in the same quarter of the previous fiscal year, Tata Motors said in a regulatory filing. – PTI
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