Reuters logo
Tata Motors shares drop as Q4 profit disappoints
May 30, 2012 / 3:42 AM / 5 years ago

Tata Motors shares drop as Q4 profit disappoints

MUMBAI, May 30 (Reuters) - Shares in India’s Tata Motors dropped 6.1 percent in the pre-open trading session, after its Jan-March operating profits came in below estimates, with traders citing disappointment over margins at unit Jaguar Land rover.

A one-off tax gain also contributed to Tata’s 139 percent quarterly profit leap, which came in spite of a lacklustre performance at its core domestic business. (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Rafael Nam)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below