Tata Motors Q3 net up 41%

Tata Motors Q3 net up 41%

 Robust sales of luxury Jaguar Land Rover cars in China and emerging markets helps Tata Motors to post a consolidated net profit to Rs 3,405.55 crore for the quarter ended December 31, 2011, which is an increase of 40.51 per cent over Rs 2,424.38 crore in the corresponding quarter of last fiscal.

Tata Motors in a statement on Tuesday said the consolidated revenue during the third quarter also increased by 43.95 per cent to Rs 45,260 crore from Rs 31,442 crore in the year-ago period.

The company’s stand alone results show a net profit of Rs 173.67 crore for the quarter ended December 31, 2011 as compared to Rs 410.06 crore for the quarter ended December 31, 2010.

Total Income increased from Rs 11,285.30 crore for the quarter ended December 31, 2010 to Rs 13,362.91 crore for the quarter ended December 31, 2011.