Tata Motors announced a sharp rise in consolidated net profit for the quarter ended December 2013. During the quarter, the profit of the company rose 2.95 times to Rs 48,048.00 million from Rs 16,275.00 million in the same quarter previous year.
Net sales for the quarter rose 38.59% to Rs 638,768.30 million, compared with Rs 460,896 million for the prior year period.
Jaguar Land Rover wholesale and retail volumes for the quarter ended Dec. 31, 2013 grew by 22.7% and 26.5%, respectively, over the corresponding period last year and stood at 116,357 units and 112,172 units, respectively.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Dec - 13 | Dec - 12 | %Change |
| Net Sales | 638,768.30 | 460,896.00 | 38.59 |
| Net Profit | 48,048.00 | 16,275.00 | 195.23 |
| Basic EPS | NA | NA | |
Shares of the company gained Rs 3.1, or 0.86%, to trade at Rs 364.00. The total volume of shares traded was 734,352 at the BSE (3.50 p.m., Monday).
