Tata Motors disclosed profit was adversely impacted by an exceptional item of asset impairment in JLR of Rs 27,838 crore (£3.1 billion). Tata Motors disclosed profit was adversely impacted by an exceptional item of asset impairment in JLR of Rs 27,838 crore (£3.1 billion). “The point is there is one-time impairment charge that is being taken so this is not fair to compare this to past,” Tata Motors group CFO P.B. However, on a standalone basis, Tata Motors posted a profit after tax of Rs 617.62 crore against Rs 211.59 crore in the same quarter a year ago. Total standalone income rose to Rs 16,477.07 crore against Rs 16,186.15 crore in the same period previous fiscal.

Source: The Telegraph February 07, 2019 19:52 UTC