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This is an archive article published on May 30, 2012

JLR drives Tata Motors net by 136%

The consolidated revenues for the company during the quarter rose by 44 per cent to Rs 50,908 crore in the quarter ended March 2012. For the year ended March 2012,Tata Motors announced a growth of 46 per cent to Rs 13,517 crore.

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Boosted by strong volume and profit growth at Jaguar Land Rover and a tax credit of £217 million,Tata Motors announced a 136 per cent jump in its consolidated net profit at Rs 6,234 crore for the quarter ended March 31,2012 as against a net profit of Rs 2,638 crore over the same quarter last year.

While the standalone profit for Tata Motors stood at Rs 565 crore for the quarter,the major boost came from Jaguar Land Rover which saw its profits jump 166 per cent from £262 million in Q4 2011 to £696 million in Q4 of FY 2011-12.

The consolidated revenues for the company during the quarter rose by 44 per cent to Rs 50,908 crore in the quarter ended March 2012. For the year ended March 2012,Tata Motors announced a growth of 46 per cent to Rs 13,517 crore.

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