India covid-19 pandemic Government India

₹134.58 crore in the June quarter due to Covid-19 related disruptions

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₹134.58 crore for the quarter ending June 30, on account of subdued demand for its products in India and European markets due to the Covid-19 pandemic.

The company reported a net profit of ₹141.6 crore in the corresponding period.The company’s losses though, were limited due to the significant reduction in taxes paid during the quarter.Due to tepid demand for vehicles across geographies, the revenue from operations during the quarter declined significantly by 33.65% year on year to ₹2873.43 crore.

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