India’s leading automobile manufacturing company, Tata Motors Limited on Friday reported a 67.52 percent rise in its consolidated net profit to Rs 2,941.48 crore for the third quarter ended December 31, 2020.
The company had posted a net profit of Rs 1,755.88 crore in the corresponding quarter of 2019-20.
Its total revenue during October-December 2020 rose to Rs 75,653.79 crore as against Rs 71,676.07 crore in the year-ago period, Tata Motors said in a regulatory filing.
On a standalone basis, Tata Motors posted a net loss at Rs 638.04 crore, against a net loss of Rs 1,039.51 crore in the year-ago period. Total revenue, however, rose to Rs 14,630.60 crore as compared with Rs 10,842.91 crore a year ago.
The company's British arm Jaguar Land Rover (JLR) reported a pre-tax profit of 439 million pounds, 121 million pounds better year-on-year, it added.
Shares of Tata Motors Ltd was last trading on National Stock Exchange (NSE) at Rs.262.35 as compared to the previous close of Rs. 266.80. The stock hit an intraday high of Rs. 278.80 and an intraday low of 260.6. The total traded volume of shares during the day was Rs. 13,84,42,348
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