Tata Motors Q3 net jumps 40.5 pct

Tata Motors reported a higher-than-expected 40.5 per cent rise in quarterly profit,as strong sales at its Jaguar Land Rover unit offset rising input costs.

The company,part of India’s salt-to-software Tata conglomerate,said on Tuesday consolidated net profit rose to 34.06 billion rupees for the fiscal third-quarter ended December 31 from 24.24 billion a year ago.

Revenue rose 44 per cent to 452.60 billion rupees.

Analysts on average had forecast a net profit of 26.13 billion rupees on revenue of 416.73 billion.

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