ADVERTISEMENT
Tata Motors March Quarter Profit Halves, Misses Estimate
23 May 2018, 04:56 PM IST 
Analysts had expected Tata Motors to post a net profit of Rs 3,840 crore.
Tata Motors Ltd said on Wednesday fourth quarter profit halved, coming in sharply below estimates. Net profit fell to Rs 2,125 crore ($310.74 million) for the January to March quarter, versus Rs 4,296 crore a year ago.
Fourteen analysts polled by Thomson Reuters had expected the company to post a net profit of Rs 3,840 crore.
Income from operations for the quarter rose 15.9 per cent to Rs 91,279 crore.
© Thomson Reuters 2018
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)