Tata Motors Q3 net profit triples on Jaguar Land Rover sales

Tata Motors Ltd, India's biggest automaker by revenue, beat forecasts and posted on Monday a 195 percent increase in third-quarter net profit which was boosted by strong demand for its luxury Jaguar Land Rover vehicles.

Tata Motors said consolidated net profit for the October-December quarter was 48.05 billion rupees, compared to 16.3 billion rupees a year ago.

Analysts had expected an average profit of 33.89 billion rupees, according to Thomson Reuters I/B/E/S.

British luxury carmaker JLR, which Tata Motors bought in 2008, has been propping up profits at its parent for the past two years.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Redefining the age of minors from 18 to 16 makes sense

    An issue that’s been simmering since the horrific gangrape of December 2013 is finally being laid to rest.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The difficulties with war history

There have been a series of commemorative events lately. Last ...

Anish Chakraborty

Betting big on Pascal’s wager

Blaise Pascal was a 17th century French philosopher mathematician and ...

Bubbles Sabharwal

The five cardinal rules of urban snobs

Believe it or not there is the unspoken-of society of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture