Tata Motors posts higher-than-expected loss in Q1 at Rs 4,451 cr

The revenue from operations of the auto major more than doubled to Rs 66,406 crore in the June quarter

Tata Motors' consolidated net loss narrowed both on a sequential and year-on-year basis to Rs 4,451 crore, but it was more-than-expected. 

The Jaguar Land Rover (JLR) parent company reiterated that global chip shortages, uncertainty due to the spread of coronavirus variants and commodity inflation would impact business in the short term.

The auto major had reported a loss of Rs 8,438 crore in the year-ago period (Q1FY21) and Rs 7,605 crore loss in the previous quarter (Q4FY21).

Analaysts had estimated the loss to be around Rs 2,000 crore. For instance, Emkay Global pegged the net loss at Rs 2,010 crore.