Tata Motors falls 4% after company reports loss in Q1

The stock dipped 4% to Rs 248 on the BSE in early morning trade after the company reported a loss of Rs 18.63 billion in June quarter against profit of Rs 32 billion in year ago quarter.

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Rohit Suri, President & Managing Director, Jaguar Land Rover India Ltd at the launch of Range Rover Velar. BS Photo by Sanjay K Sharma

SI Reporter Mumbai

Last Updated : Aug 01 2018 | 10:13 AM IST

Shares of Tata Motors dipped 4% to Rs 248 on the BSE in early morning trade after the company reported a loss of Rs 18.63 billion in June quarter (Q1FY19) against profit of Rs 32 billion in year ago quarter.

Net revenue from operations during the quarter under review grew 12% year on year (YoY) at Rs 671 billion against Rs 598 billion in the corresponding quarter of previous fiscal.

The company reported weak set of numbers as sales at Jaguar Land Rover, its UK-based subsidiary sputtered, following a one-time regulatory issue in China, uncertainty around Brexit and

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