Tata Motors slips 4% after reporting Rs 9,864 cr net loss in March quarter

The company said it expects significantly lower sales in the first quarter (Q1FY21)

Shares of Tata Motors dipped 4 per cent to Rs 96.30 on the BSE after posting a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 31 (Q4FY20).

The company's revenue from operations stood at Rs 62,492.96 crore in the quarter, compared with Rs 86,422.33 crore in the corresponding quarter last year, with the coronavirus-induced lockdown taking a toll on British arm JLR as well as its domestic business.

On a standalone basis, the company reported a net loss from continuing operations at Rs 4,871.05 crore during the quarter. whie Jaguar Land Rover (JLR) reported a loss of