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Tata Motors posts Q4 net loss at Rs 9,894.25 crore, JLR loss at 501 million pound

The standalone, including passenger and commercial vehicles, and Jaguar Land Rover sales volumes fell more than 30 percent YoY during the quarter.

June 16, 2020 / 01:06 PM IST

Tata Motors, the owner of the luxury carmaker Jaguar Land Rover, has posted a consolidated loss of Rs 9,894.25 crore for the quarter ended March 2020, as lockdowns across the world to control the spread of coronavirus hit revenue and operating performance.

The consolidated profit for the March quarter FY19 was at Rs 1,117.5 crore and Rs 1,738.3 crore in Q3FY20.

Jaguar Land Rover, which provides maximum support to Tata Motors' earnings, reported loss of 501 million pound at PBT level for the quarter, while at standalone level (India business), the company reported a loss of Rs 4,871 crore for the quarter. The company had reported a profit of Rs 106 crore in the same period last year.

"In India, demand which was already adversely impacted by the general economic slowdown, liquidity stress and stock corrections due to BS-VI transition, was further affected by the lockdown. Steep volume decline, particularly MHCV, and resulting negative operating leverage impacted profitability and cash flows," the Tata Group firm said in its BSE filing.