on Monday reported 15.55 per cent decline in its consolidated net profit for the second quarter ended September 30 at Rs 1,877.33 crore due to forex losses.
The company had posted a net profit of Rs 2,222.99 crore in the corresponding period last fiscal, Tata Motors said in a statement.
The total income from operations during the quarter, however, increased by 26.92 per cent to Rs 36,197.54 crore from Rs 28,519.22 crore in the year-ago period, it added.
The company said it suffered a forex loss of Rs 439 crore in last quarter compared to a gain of Rs 127 crore in the same period last year.
The shares of the company closed 2.09 per cent down at Rs 177.90 apiece on the Bombay Stock Exchange.