Home Business Tata Motors shares bounce over 8% after This fall earnings

Tata Motors shares bounce over 8% after This fall earnings

Tata Motors shares bounce over 8% after This fall earnings

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NEW DELHI: Shares of Tata Motors rallied over 8 per cent in early commerce on Friday, a day after the corporate reported narrowing of consolidated web loss at Rs 992.05 crore within the fourth quarter ended March 2022. The inventory jumped 8.30 per cent to Rs 403 on the BSE.
On the NSE, it zoomed 8.31 per cent to Rs 403.25 apiece.
Dwelling-grown auto main Tata Motors on Thursday reported narrowing of consolidated web loss at Rs 992.05 crore within the fourth quarter ended March 2022, amid challenges of semiconductor scarcity and rising inflation.
The corporate had posted a consolidated web lack of Rs 7,585.34 crore in the identical interval final fiscal, Tata Motors stated in a regulatory submitting.
Its whole consolidated income from operations stood at Rs 78,439.06 crore within the fourth quarter, as towards Rs 88,627.90 crore within the year-ago interval, it added.
On a standalone foundation, the automaker reported a web revenue of Rs 413.35 crore within the interval beneath overview, as towards a web revenue of Rs 1,645.68 crore within the fourth quarter of 2020-21.
Standalone whole income from operations stood at Rs 17,338.27 crore within the fourth quarter, as in comparison with Rs 13,480.42 crore in the identical interval of the earlier fiscal, Tata Motors stated.
“The important thing spotlight of this explicit quarter is the sequential restoration that we noticed throughout all companies, regardless of the challenges that we had on semiconductors and inflation,” Tata Motors Group CFO P B Balaji stated in an earnings name.

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