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E-mail ID will not be published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

  • Amidst Sino-Indian bonhomie, the Tibet issue cannot be wished away

    Tibet did not figure in the three-day high-level meetings between India and the People’s Republic of China (PRC).

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture