Tata Motors posts Q1 net loss of Rs 181.03 cr
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The company reported standalone net loss during the quarter stood at Rs 181.03 crore as compared to net loss of Rs 1320.74 crore in the previous year quarter. Net revenue of the company rose substantially by 25.17 per cent at Rs 14,793.12 crore in April-June quarter of this fiscal as against Rs 11,818.31 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 20.35 per cent to Rs 14,271.68 crore from Rs 11,858.80 crore in year ago period.
Other Income dipped by 14.25 per cent at Rs 210.77 crore versus (Jun'21 Rs 245.81 crore). Operating Profit surged by 1227.96 per cent to Rs 602.76 crore as against Rs 45.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 971.05 per cent in June quarter. Interest declined by 14.86 per cent y-o-y to Rs 528.80 crore, while Taxation increased by 527.47 per cent at Rs 41.35 crore (Jun'21 Rs 6.59 crore).
