Consol. revenue declined 8% YoY to INR614.7b (our estimate: INR564.9b). TTMT reported adj. net loss of INR36b (our estimate: loss of INR11.8b). JLR higher VME, op. deleverage impact margin: Net revenue declined 3% YoY to GBP5.1b, implying realization growth of 1.5% YoY to GBP48.7k (our estimate: GBP47.2k). EBIT margin was at -5.5% (our estimate: -4%), implying a contraction of 180bp YoY due to lower volumes and higher...