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Tata Motors Q3 profit rises about 13-fold on higher JLR sales

1 views | Feb 05, 2018, 05:48:11 PM | ET Now
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Auto major Tata Motors reported about a 13-fold rise in quarterly profit, driven by higher sales from its Jaguar Land Rover (JLR) business after a particularly weak quarter a year earlier. Net profit for the quarter ended December 31 came in at Rs 1,199 crore versus Rs 937.7 crore in the same quarter a year earlier. That fell way short of the average estimate of Rs 2,395 crore drawn from 20 analysts polled by Thomson Reuters. Total JLR retail sales rose 3.5 per cent for the quarter.