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Tata Motors Q1 net soars threefold to Rs 5,398 cr

Source : BUSINESS_STANDARD
Last Updated: Mon, Aug 11, 2014 16:10 hrs
Tata Motors logos are pictured outside their flagship showroom in Mumbai

Auto manufacturer Tata Motors announced a threefold increase (212%) in consolidated net profit at Rs 5,398 crore for the quarter ended June 2014 It was Rs 1,726 crore during the same quarter a year ago.

The consolidated revenue increased 38% to Rs 64,683 crore as against Rs 46,796 crore in June 2013.

The company made a forex gain of Rs 94 crore as against a forex loss of Rs 174 crore in the same period a year ago.

At the time of BSE's closing on Monday, the company's stocks were trading 3.3% higher at Rs 447.40 apiece.




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