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Tata Motors second-quarter profit jumps three-fold on Jaguar Land Rover strength

Reuters 

(Reuters) - India's Tata Motors Ltd reported a nearly three-fold rise in quarterly profit, blowing past estimates, helped by higher sales from its Jaguar Land Rover (JLR) business.Net profit for the quarter ended Sept. 30 came in at 24.83 billion rupees ($382.18 million), versus 8.28 billion rupees a year ago, as strong demand for Range Rover Velar and other new models underpinned the bottom line. (http://bit.ly/2jbVXEc)Analysts on average had expected a net profit of 14.99 billion rupees, according to Thomson Reuters data.JLR, which has been propping up Tata Motors' profits for several years ...

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First Published: Thu, November 09 2017. 14:47 IST
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