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Tata Motors shares slip 8% on weak March quarter performance

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₹9,894.25 crore in the March 2020 as against a net profit of ₹1,117.48 crore a year ago.The shares recouped some losses and were trading at ₹94.25 down 6% from its previous close, while the benchmark index, Sensex gained 0.9% to 33,529.15 points.The company reported a consolidated net loss of ₹12,070.85 crore in the year ended March 2020 as against net loss of ₹28,826.23 crore in FY19.

Net sales fell 13.6% year-on-year to ₹2,58,594.36 crore in FY20."After Jaguar Land Rover's (JLR) return to profit in the second and third quarters, which reflected improvements achieved through its transformation programme, fourth quarter results were significantly impacted by the pandemic.

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