Tata Motors Q1 net jumps 3 fold to Rs 5,398.21 crore
Aug 11 2014 , Mumbai
Tata Motors, part of the $100 billion Tata conglomerate, said consolidated net profit for the April-June quarter rose to Rs 53.98 billion ($882.31 million) compared with Rs 17.68 billion a year ago.
Analysts had expected an average profit of Rs 37.1 billion, according to Thomson Reuters I/B/E/S.
Consolidated revenue grew 38.2 percent to Rs 646.83 billion.