Tata Motors on Wednesday reported a consolidated web revenue of Rs 3,043 crore within the third quarter ended December 31, 2022, on account of strong gross sales throughout markets.
The Mumbai-based auto main had reported a web lack of Rs 1,451 crore within the October-December quarter of the earlier fiscal.
Complete revenue elevated to Rs 88,489 crore within the interval beneath evaluation from Rs 72,229 crore within the year-ago interval, Tata Motors mentioned in a regulatory submitting.
On a standalone foundation, Tata Motors reported a web revenue of Rs 506 crore within the third quarter, a bounce of over two-fold, from Rs 176 crore within the October-December interval of 2021-22.
Jaguar Land Rover revenues stood at 6 billion kilos, up 28 per cent as in contrast with the identical interval final yr, reflecting higher provides, robust mannequin combine and pricing, Tata Motors mentioned.
Revenue earlier than tax within the third quarter stood at 265 million kilos, in opposition to a lack of 9 million kilos a yr in the past, it added.
Shares of the corporate on Wednesday ended 0.73 per cent down at Rs 419 apiece on the BSE.
(Aside from the headline, this story has not been edited by String Reveals employees and is revealed from a syndicated feed.)
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