Tata Motors Q3 Results: Net profit declines 48% to ₹705 crore, revenue improves 16.2%
Tata Motors Commercial Vehicles (TMCV) released its December-quarter performance on Thursday after market hours, reporting a consolidated net profit of ₹705 crore, down 48% from ₹1,355 crore in the same period last year. The company’s net profit was impacted by exceptional items, including ₹603 crore related to the new labor code, ₹962 crore from the…