May 30, 2012 / 3:47 AM / 5 years ago

Tata Motors shares drop as fourth quarter profit disappoints

MUMBAI (Reuters) - Shares in India's Tata Motors (TAMO.NS) 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 lackluster performance at its core domestic business.

Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Rafael Nam

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