Analysts had expected Tata Motors to post a net profit of Rs 3,840 crore.
Tata Motors Ltd said on Wednesday fourth quarter profit halved, coming in sharply below estimates.
Net profit fell to Rs 2,125 crore ($310.74 million) for the January to March quarter, versus Rs 4,296 crore a year ago.Fourteen analysts polled by Thomson Reuters had expected the company to post a net profit of Rs 3,840 crore.Income from operations for the quarter rose 15.9 per cent to Rs 91,279 crore.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)