Tata Motors reports consolidated net profit at ₹3,783 crore in Q2
The Hindu
Tata Motors reported 4th consecutive quarter of profit, with consolidated net profit of ₹3,783 crore and standalone net profit of ₹1,270 crore. JLR reported revenue of 6.9 billion pounds, up 30% YoY.
Tata Motors on November 2 reported a consolidated net profit of ₹3,783 crore for the September quarter, riding on robust performance by its British arm Jaguar Land Rover.
This is the fourth successive quarter of positive results for the auto major.
The Mumbai-based company had posted a consolidated net loss of ₹1,004 crore in the July-September period last fiscal.
Total consolidated revenue from operations stood at ₹1,05,128 crore, as compared with ₹79,611 crore in the year-ago period, Tata Motors said in a regulatory filing.
On a standalone basis, the company reported a net profit of ₹1,270 crore for the September quarter, it added.
It had reported a net loss of ₹293 crore during the same period last fiscal.
Jaguar Land Rover (JLR) reported a revenue of 6.9 billion pounds in the second quarter, up 30% year-on-year, driven by higher wholesales, better mix, cost reductions and investment in demand generation.
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