 "Tata Motors")
Tata Motors reported a strong operational performance for the quarter ended March 2021 (Q4) -- led by its UK subsidiary Jaguar Land Rover (JLR) and its India business -- and narrowed its consolidated loss, which was mainly on account of exceptional items.
The Tata group-owned global automobile manufacturer reported a net loss of Rs 7,605 crore against a net loss of Rs 9,894 crore in the corresponding quarter. Excluding the exceptional items, the firm's revenue, Ebitda (earnings before interest, taxes, depreciation, and amortisation), and profit before tax (PBT) were higher than Street estimates.
The loss was mainly on account of asset write-downs
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