Tata Motors reports net loss of ₹1,516 cr in Q3, 4.5% drop in revenues

Tata Motors posted a consolidated net loss of ₹1,516.14 crore for Q3 FY22 as compared with profit after tax of ₹2,906.45 crore in Q3 FY21. It also reported a 4.5% YoY decline in consolidated revenues to ₹72,229 crore. Overall, the company posted a consolidated operating profit of ₹7,400 crore and a fall of 460 basis points in margin to 10.2%.