Tata Motors Passenger Vehicles on Thursday reported a 78.54 per cent decline in net profit to Rs 859 crore in the June quarter amid supply chain headwinds and persistent commodity pressure.
The company had posted a net profit of Rs 4,003 crore in Q1FY26, according to a statement.
Total revenue from operations for the reporting quarter, however, rose 9 per cent year-on-year to Rs 95,799 crore from Rs 87,677 crore in the first quarter of the preceding fiscal.
During the quarter under review, JLR wholesales dropped 9.2 per cent year-on-year on account of temporary supply constraints, including a fire at a key component supplier, West Asia conflict and planned Jaguar wind-down, the company said.
In addition to the impact of reduced volumes, JLR’s YoY profitability was impacted as VMEs continued to remain elevated, partially offset by favourable structural costs.
The domestic business delivered a strong revenue growth of 65 per cent YoY. However, elevated commodities and Forex moderate
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.