Business Standard

Monday, December 23, 2024 | 05:08 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tata Motors hits profit after three quarters, net zooms 67% to Rs 2,906 cr

JLR posts its highest free cash flows in Q3

Tata motors
Premium

While volumes for JLR which accounts for 80 per cent of the consolidated revenues were down 9 per cent as compared to the year ago quarter, the China market stood out with a growth of 20 per cent

Ram Prasad Sahu Mumbai
Tata Motors posted a sharp 67 per cent year-on-year growth in net profit for the December quarter to Rs 2,906 crore. The company, which owns Jaguar Land Rover (JLR), returned to net profit after three consecutive quarters of loss. The bottomline was much higher than Bloomberg consensus estimates of Rs 1,173 crore and was led by strong operational performance both at the standalone and JLR businesses. 

While volumes for JLR which accounts for 80 per cent of the consolidated revenues were down 9 per cent as compared to the year ago quarter, the China market stood out with a growth

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in