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Tata Motors Q1 net profit jumps 74% to Rs 5,566 cr; total income at Rs 1,09,623 cr

By: The Bengaluru Live

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New Delhi: Tata Motors on Thursday said its consolidated net profit increased by 74 per cent to Rs 5,566 crore for the first quarter ended June 30.

The Mumbai-based auto major had posted a net profit of Rs 3,203 crore in the April-June quarter of the last fiscal.

Its total income increased to Rs 1,09,623 crore for the period under review against Rs 1,03,597 crore in the June quarter of the last fiscal, Tata Motors said in a regulatory filing.

On a standalone basis, the automaker said its net profit was Rs 2,190 crore against a net loss of Rs 64 crore in the year-ago period.

The total income rose to Rs 18,851 crore for the first quarter against Rs 16,132 crore in the June quarter of the last fiscal.

Shares of Tata Motors ended 1.02 per cent down at Rs 1,144.60 apiece on the BSE.

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Karnataka: R. Ashoka Slams Congress Over Muslim Reservation Hike in Housing Scheme, Calls It ‘Unconstitutional’

POLITICS 0
“This decision is a calculated political move. Siddaramaiah is trying to become a CM only for Muslims. Earlier, 4% reservation was granted to Muslims in government contract work; now the same appeasement is being extended to housing,” Ashoka said.

Karnataka: Koppal Sand Mafia Busted After Reels Go Viral; Over 50 Boats Seized in Major Crackdown

CRIME 0
The reels, shot at an illegal sand mining site near Hire Sindhogi, featured individuals – reportedly including the brother of a local gang leader – boasting of their dominance in the sand trade. The videos, which quickly went viral, prompted swift action by the Department of Mines and Geology, in coordination with the Revenue, Police, and Forest Departments.

Tragedy in Dharwad: Twin Toddlers Drown in Lake While Playing Near Home

CITY UPDATES 0
The victims have been identified as Mudassir and Muzammil. According to preliminary reports, the toddlers were playing near the lake when they accidentally slipped and fell into the water. Despite efforts by locals and family members, the children could not be rescued in time.

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