Profit was Rs 924 crore in the first quarter ended June 30, compared with Rs 978 crore a year earlier, the country's fourth largest automaker by market capitalisation said.
The company said it incurred a one-time charge of Rs 32 crore as payment to dealers to compensate for losses incurred on GST introduction due to pre-GST inventory held as on June 30.
Analysts on average had expected a profit of Rs 905 crore, according to Thomson Reuters data.
© Thomson Reuters 2017
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