Tata Motors Q1 net profit jumps 83% to Rs 2,556 crore
India, Aug. 13 -- Commercial vehicle maker Tata Motors Ltd on Wednesday reported an 83 per cent jump in consolidated net profit at Rs 2,556 crore in the first quarter ended June 30, led by a mark-to-market gain on investments in Tata Capital Ltd. The company had posted a consolidated net profit of Rs 1,397 crore in the corresponding quarter previous fiscal, Tata Motors Ltd said in a regulatory filing.
Consolidated total revenue from operations in the first quarter stood at Rs 20,667 crore as against Rs 17,324 crore in the year-ago period, it added. Vehicle wholesales in the quarter stood at 1,08,700 units, a growth of 26 per cent over the year-ago period, it said.
Total expenses in the quarter under review were higher at Rs 18,038 crore...
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