New Delhi, Jan. 29 -- Tata Motors, a leading global automobile manufacturer, announced its December quarter performance on January 29, reporting a 22% drop in consolidated net profit to Rs.5,578 crore as weak domestic sales hurt the company's profitability. The company reported a decline in revenue in both the CV and PV segments.

The global automaker posted a net profit of Rs.7,415 crore in the same period last year. Sequentially, the profit improved by 62%, as the company posted a net profit of Rs.3,450 crore in the preceding September quarter.

The revenue from operations during the reporting quarter stood at Rs.113,575 crore, reflecting a modest 2.7% improvement compared to Rs.109,799 crore reported in Q3FY24. On the operating front, ...