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 Rs. 4,805 crore, compared to Rs. 1,630 crore a year ago.
Analysts had expected an average profit of Rs. 3,389 crore, but thanks to JLR which again came to the rescue of the Indian unit it beat all estimates..
Tata Motors said consolidated net profit for the October-December quarter was Rs. 4,805 crore, compared to Rs. 1,630 crore a year ago.
Analysts had expected an average profit of Rs. 3,389 crore, but thanks to JLR which again came to the rescue of the Indian unit it beat all estimates..