Tata Motors jumps after strong Q3 earnings

Tata Motors rose 4.53% to Rs 380.50 at 9:16 IST on BSE after consolidated net profit surged 195.14% to Rs 4805 crore on 38.6% growth in revenue (net of excise) to Rs 63877 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after trading hours on Monday, 10 February 2014.

Meanwhile, the S&P BSE Sensex was up 57.20 points or 0.28% at 20,391.47.

On BSE, so far 1.52 lakh shares were traded in the counter as against average daily volume of 6.99 lakh shares in the past two weeks.

The stock hit a high of Rs 382.45 and a low of Rs 378.10 so far during the day.

Tata Motors' topline during the quarter was boosted by strong demand, growth in volumes and favourable product mix and geographic mix at Jaguar Land Rover (JLR).

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.

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