Weak operating margins and a fall in commercial and passenger vehicle sales dragged down Tata Motors Ltd.'s December quarter consolidated net profit by 22% on year to INR 54.51 billion, missing analysts' estimate of INR 64.02 billion. This is the second straight quarter when the company's net profit has declined on year. The fall in profits is worse than the September quarter when the net profit had declined 11% on year.
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