Q1FY20 consolidated revenue declined by 7.7% YoY on weaker sales volumes (-20.8% YoY). Standalone TML (S) revenue dropped by 19.9% YoY and Jaguar Land Rover (JLR) revenue was down by 5.4% YoY. Adj. EBIT loss came in at Rs. 1,562cr vs. Rs. 548cr loss in Q1FY19, primarily on negative operating leverage from lower wholesale business. Adj. EBIT margin dropped 170bps YoY to -2.5%. Adj. loss after taxes stood at Rs. 3,590cr vs Rs. 1,902cr in Q1FY19 (Adj. loss per share at Rs. 10.6 vs. Rs. 5.6 in Q1FY19)....