Tata Motors, India's largest automaker, announced a loss of Rs 1,516 crore (attributable to shareholders) for the quarter ended December 31, 2021, as semiconductor shortages hampered the company's ability to capitalise on pandemic-driven demand for personal vehicles.

A year before, the company made a net profit of Rs 2,906 crore after relaxing coronavirus-related limitations led to an increase in sales. The automaker's loss decreased sequentially from Rs 4,412 crore in the second quarter of this fiscal year.

However, due to severe semiconductor shortages and supply chain interruptions, Tata Motors' recovery was short-lived, and the company returned to the red. Tata Motors' consolidated total revenue from operations fell roughly 5percent  year on year to Rs 72,229 crore, down from Rs 756,54 crore the previous year.

Meanwhile, the combined EBITDA margin, which includes profits before interest, taxes, depreciation, and amortisation, was at 12percent . The automaker made a solo profit of Rs 175.85 crore in the quarter under review, compared to a net loss of Rs 638.04 crore in the third quarter of the 2020-21 fiscal year.

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