JLR dents Tata fiscal Q2

China and Jaguar Land Rover (JLR) remain at the centre of Tata Motors' fiscal Q2 results, which took a big hit from the Tianjin Port explosion as well as the general China industry slowdown. For the three months ended 30 September 2015, Tata Motors' consolidated revenues (net of excise) inched up 1% to Rs 61,318 crore (US$9.23bn) year-on-year, as strong sales in the UK, Europe and North America battled against weakness in China and other emerging markets in the Jaguar Land Rover (JLR) business. Consolidated profit before tax (before exceptional items) for the quarter plummeted 73% to Rs1,538 crore, as the Group's British luxury operations struggled with regional volatility.