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On Friday, Tata Motors has reported a 57.25 percent YoY decline in consolidated profit after tax (PAT) to Rs 2,236 crore for the June quarter.
The company had posted a net profit of Rs 5,231 crore for the corresponding quarter of last year.
The consolidated revenues of the company climbed to Rs 67,056 crore for the June quarter as compared with Rs 61,510 crores in the corresponding quarter of last year.
The company has said in a BSE filing that “Exceptional items for the quarter includes further recoveries of Rs 478 crores (£50 million) on account of the Tianjin incident which happened during the year ended March 31, 2016.”
