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Tata Motors post 96% decline for Q3 profit

On Tuesday, Tata Motors has posted a 96.20 percent decline in consolidated profit after tax (post profit/loss in respect of joint ventures and associate companies) at Rs 112 crore for December quarter.

The company has said in a BSE filing that it had reported a consolidated profit after tax of Rs 2,953 crore in the corresponding quarter of last year.

For the quarter, the consolidated revenues (net of excise) came in at Rs 67,484 crore as against Rs 70,567 crore for the corresponding quarter of last year.

It’s consolidated Profit before tax (PBT) for the quarter stood at Rs 599 crore as compared with Rs 3,414 crore of the same quarter of last year.

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