India's Tata Motors posts third-quarter profit slump on one-time charge
29/01/2026 11:06
Jan 29 (Reuters) - India's top commercial vehicle maker Tata Motors TATM.NS reported a 60.4% decline in third-quarter profit on Thursday, hurt by a one-time charge. The truck and bus manufacturer reported a profit of 5.61 billion rupees ($61 million) for the quarter to December 31, down from 14.17 billion rupees the year before. The company took a one-time charge of 15.45 billion rupees due to demerger related costs and India's recently enacted labour code. ($1 = 91.9980 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala) ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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