Tata Motors (CV) on Thursday reported a consolidated net loss of Rs 867 crore for the September quarter, compared to a net profit of Rs 498 crore in the same period last year. This marks the company’s first quarterly earnings after its commercial vehicle business was separately listed on the exchanges on Wednesday.
The company’s revenue from operations stood at Rs 18,585 crore, up 6% from Rs 17,535 crore reported in the corresponding quarter of the previous financial year.
Tata Motors (CV) is the commercial vehicle arm of the Tata Group, carved out from the erstwhile Tata Motors Limited. The business continues under the Tata Motors (CV) name, while the passenger vehicle division now operates as Tata Motors Passenger Vehicles (TMPV).
