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May 30, 2012, 02.17 PM IST
Tata Motors fourth quarter consolidated net profit more than doubled year-on-year to Rs 6,234 crore as continued strong growth at luxury Jaguar Land Rover unit coupled with an exceptional gain helped cushion domestic speed bumps.
By Sonia Shenoy, CNBC-TV18
Tata Motors fourth quarter consolidated net profit more than doubled year-on-year to Rs 6,234 crore as continued strong growth at luxury Jaguar Land Rover unit coupled with an exceptional gain helped cushion domestic speed bumps. The company had tax credit of Rs 1,826 crore in Jan-March in its subsidiary company. Tata Motors' profit before exceptional items and tax surged 68% to Rs 4,596 crore in the quarter. Its consolidated revenue for the fourth quarter was up 44% to Rs 50,908 crore. Analysts on average were expecting a net profit of Rs 4,200 crore on revenue of Rs 50,400 crore, according to a CNBC-TV18 poll.
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