Tata Motors Q3 net jumps 41% to Rs 3,406 cr

Tata Motors today reported 40.51% jump in consolidated net profit to Rs 3,406 crore for the quarter ended December 31, 2011.

The company had posted a net profit of Rs 2,424 crore in the corresponding period last financial year, Tata Motors said in a statement.

The consolidated revenue during the third quarter also increased by 43.95% to Rs 45,260 crore from Rs 31,442 crore in the year-ago period, it added.

Reacting to the numbers, shares of the company were trading 5.36% up at Rs 272.10 apiece on the BSE in late afternoon.