Tata Motors Q3 net jumps 40.5 pct

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

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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 percent to 452.60 billion rupees.

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Analysts on average had forecast a net profit of 26.13 billion rupees on revenue of 416.73 billion, according to Thomson Reuters I/B/E/S.

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