New Delhi: Shares of Tata Motors A day after the company reported narrowing in consolidated net loss at Rs 992.05 crore for the fourth quarter ended March 2022, it jumped over 8 per cent in early trade on Friday. The stock jumped 8.30 per cent to Rs 403 on the BSE.
On NSE, it rose 8.31 per cent to Rs 403.25.
Domestic auto major Tata Motors on Thursday reported narrowing consolidated net loss at Rs 992.05 crore for the fourth quarter ended March 2022 amid challenges from semiconductor shortages and rising inflation.
Tata Motors said in a regulatory filing that the company had reported a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal.
Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter, as against Rs 88,627.90 crore in the year-ago period.
On a standalone basis, the automaker reported a net profit of Rs 413.35 crore in the period under review, as against a net profit of Rs 1,645.68 crore in the fourth quarter of 2020-21.
Tata Motors said total revenue from operations stood at Rs 17,338.27 crore in the fourth quarter, up from Rs 13,480.42 crore in the same period last fiscal.
“The highlight of this particular quarter is the sequential improvement we saw across all businesses despite challenges on semiconductors and inflation,” Tata Motors Group CFO PB Balaji said in the earnings call.
On NSE, it rose 8.31 per cent to Rs 403.25.
Domestic auto major Tata Motors on Thursday reported narrowing consolidated net loss at Rs 992.05 crore for the fourth quarter ended March 2022 amid challenges from semiconductor shortages and rising inflation.
Tata Motors said in a regulatory filing that the company had reported a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal.
Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter, as against Rs 88,627.90 crore in the year-ago period.
On a standalone basis, the automaker reported a net profit of Rs 413.35 crore in the period under review, as against a net profit of Rs 1,645.68 crore in the fourth quarter of 2020-21.
Tata Motors said total revenue from operations stood at Rs 17,338.27 crore in the fourth quarter, up from Rs 13,480.42 crore in the same period last fiscal.
“The highlight of this particular quarter is the sequential improvement we saw across all businesses despite challenges on semiconductors and inflation,” Tata Motors Group CFO PB Balaji said in the earnings call.