Tata Motors, Tata Motors DVR down over 5% on disappointing Q1 results

Tata Motors (down 6% to Rs 393) and Tata Motors DVR (down 7% to Rs 226) hit fresh 52-week lows.

Tata Motors (down 6% to Rs 393) and Tata Motors DVR (down 7% to Rs 226) have hit their respective fresh 52-week lows after Tata Motors reported disappointing April-June quarter (Q1FY18) performance with sharp fall in operational performance of  Jaguar Land Rover (JLR).

The company has reported a consolidated net profit of Rs 3,200 crore in Q1FY18, mainly on account of one-time gain of Rs 3,609 crore relating to the changes made to the JLR pension plans. It had posted profit of Rs 2,551 crore in the same quarter of last fiscal year.

“Consolidated profit for the quarter