June qtr: Semiconductor scarcity hits Tata Motors, web loss at Rs 4,450.9 crore

Tata Motors has reported a higher-than-expected consolidated web lack of Rs 4,450.92 crore for the June quarter of FY22 in opposition to a web lack of Rs 8,437.99 crore within the corresponding quarter of the earlier monetary 12 months.
Consolidated income for the quarter greater than doubled to Rs 66,406.45 crore from Rs 31,983.06 crore within the year-ago interval, it stated.Retail gross sales of JLR had been 124,537 automobiles, up 68.1 per cent year-on-year. “Shortage of semiconductor supplies constrained production resulting in a pre-tax loss of 110 million pounds”.
Although the corporate’s India operations confirmed important enchancment as in comparison with Q1 a 12 months in the past, the second wave in India together with the provision points, slowed down progress momentum.
L&T Q1 web jumps 287% on larger order quantity
Larsen & Toubro (L&T) on Monday reported a 287 per cent leap in consolidated web revenue for the June quarter at Rs 1,174 crore, as in opposition to Rs 303 crore within the year-ago interval.
The firm reported consolidated income of Rs 29,335 crore for the quarter ended June 30, 2021, registering progress of 38 per cent, aided by wholesome execution of initiatives regardless of the second wave. It was Rs 21,260 crore a 12 months in the past. The firm bagged orders value Rs 26,557 crore on the group stage, registering a of 13 per cent over the corresponding interval.