Tata Motors net up 273%

 During the quarter under review, the company’s total income rose to Rs 31,695.20 crore versus Rs 25978.88 crore in the comparable quarter of last fiscal.  Other income for the  current quarter stood at Rs 4.01 crore on sale of investments. Cumulatively, the consolidated net profit of the group for 9-months ended December 31, 2010 after minority interest and profit in respect of associate companies was Rs 6,636 crore as compared to Rs 343 crore in the corresponding period last year.  Similarly, the consolidated net revenue for 9-months of the current fiscal was Rs 87,523 crore, which is a growth of 37.8 per cent over Rs 63,536 crore in the corresponding period last year.

Tata management pointed out that the JLR business continued to show strong profitability, with healthy volumes in Q3FY’11 reporting a net profit of Rs 1,958 crore.