Monday, 11 August 2014

Tata Motors Q1 beats street, net jumps 3-fold on JLR boost

     Tata Motors  strongly beat street expectations with the first quarter consolidated net profit rising more than three-fold (212.7 percent) to Rs 5,398 crore driven by strong Jaguar Land Rover (JLR) performance. Profit in the year-ago period was Rs 1,726 crore.
     Consolidated revenue jumped over 38 percent to Rs 64,683 crore in the quarter ended June 2014 from Rs 46,796 crore in same quarter last year. 

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