TTM Tata Motors Ltd

   By Anant Vijay Kala 
 

NEW DELHI--Tata Motors Ltd. (500570.BY) said its profit halved last quarter, hurt by weak performance at both its home and Jaguar Land Rover operations.

The auto maker reported a net profit of 21.75 billion rupees ($319.5 million) in the three months ended March, down from INR43.36 billion a year earlier. Revenue rose 16% to INR912.79 billion.

Pretax profit at JLR, which contributes the bulk of Tata Motors' earnings, declined 46% to 364 million pounds ($488.9 million), while the pretax loss at Tata Motors' home operations narrowed 40% to INR4.74 billion.

Shares of Tata Motors closed 0.5% higher ahead of the results.

Write to Anant Vijay Kala at anant.kala@wsj.com

(END) Dow Jones Newswires

May 23, 2018 08:01 ET (12:01 GMT)

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