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₹9,894 crore loss for March quarter

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₹9,894 crore for the March quarter on the back of a steep fall in vehicle sales. The company had posted net profit of ₹1,117 crore in the year-ago period.The company has made a provision for impairment of passenger vehicle (PV) business as an exceptional item of ₹1,419 crore in its financial statement, which drove the losses in the March quarter.TML’s consolidated revenue from operations for Q4 was at ₹62,493 crore, down 28% year-on-year (YoY) from ₹86,422 crore in the same period last year.Revenue from its British luxury car subsidiary, Jaguar Land Rover (JLR), was at ₹50,561 crore, down 22% YoY.

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