Tata Motors faces loss in Q3
Due to the slump in auto industary, most of the auto companies face loss in their profit in Q3. Tata Motors, leading auto maker of India, has announced loss of Rs 2,632.60 million compared with a profit of Rs 4,990.50 million in the same quarter previous year.
Tata Motors also reported decline in the net sale during the third quater. Net sales declined 34.38% to Rs 47,586 million, while total income for the quarter fell 33.85% to Rs 48,581.30 million, when compared with the prior year period.
There is little fall in the companies shares. Shares of the company declined Rs 0.9, or 0.6%, to settle at Rs 149.65 with the loss Rs 5.51 a share during the quarter. The total volume of shares traded was 541,410 at the BSE (Friday).
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