Tata Motors shares decline nearly 4% after firm posts net loss in Q3

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Tata Motors shares decline nearly 4% after firm posts net loss in Q3

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Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quar

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Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 2021.

The stock fell 3.66 per cent to Rs 498.55 on the BSE.

On the NSE, it dropped 3.68 per cent to Rs 498.65.

On Monday, Tata Motors reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover (JLR).

The company had posted a consolidated net profit of Rs 2,941.48 crore in the same period last fiscal.

Its consolidated revenue from operations stood at Rs 72,229.29 crore in the third quarter as against Rs 75,653.79 crore in the year-ago quarter, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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