Tata Motors Ltd reported a nearly three-fold rise in quarterly profit on Thursday, blowing past estimates, helped by higher sales from its Jaguar Land Rover business. Net profit for the quarter ended September 30 came in at Rs 2,483 crore, versus Rs 828 crore a year ago, as strong demand for Range Rover Velar and other new models underpinned the bottom line. Analysts on average had expected a net profit of Rs 1,499 crore, according to Thomson Reuters data. JLR, which has been propping up Tata Motors' profits for several years amid the parent's sluggish ...
Tata Motors Q2 profit jumps three-fold to Rs 2,483 cr
Income from operations for the quarter rose about 9% to Rs 70,156 crore
Reuters Last Updated at November 9, 2017 14:50 IST