India, Feb. 7 -- Tata Motors Thursday reported a consolidated net loss of Rs 26,960.8 crore for the third quarter ended December 31, hit by asset impairment in its British arm Jaguar Land Rover (JLR).
The company had reported a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18.
The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover (JLR) of Rs 27,838 crore (3.1 billion pounds).
Total revenue from operations, however, rose 4.36 per cent to Rs 77,582.71 crore as compared to Rs 74,337.7 crore in the year-ago period, Tata Motors said in a regulatory filing.
On a standalone basis, the company posted PAT of Rs 617.62 crore as against Rs 211.59 crore in th...