Auto major Tata Motors Ltd reported a consolidated net loss of ₹4,441 crore for the second quarter ending September (Q2FY22). The company had pad posted a net loss of ₹314 crore in the year-ago period (Q2FY21) and a huge loss of ₹4,451 crore in the previous June quarter (Q1FY22).
The Mumbai-headquartered company’s revenue from operations rose 14% to ₹61,378 crore in the reporting period as against ₹53,530 cr in the last year period.
Tata Motors said India operations showed significant improvement in the second quarter as compared to year-ago period, however the supply chain issues, and commodity inflation impacted the margins.
Ahead of the earnings, Tata Motors shares were up 0.41% to settle at ₹485 apiece on NSE. The scrip has rallied 41% in the last one month alone. Since the start of 2021, the Tata Group’s stock has given stellar returns to investors, rising over 160%, while it was up over 264% in past one year.