Tata Motors reported consolidated net profit of Rs. 650.26 crore for Q3 ended December 31, 2009, against a loss of Rs. 2,599 crore in the same period in the previous year.
However, it reported gross revenues of Rs. 26,774 crore (Rs. 18,246.60 crore), a growth of 47%.
Considerably, the Jaguar Land Rover (JLR) business turned profitable during the quarter.
It posted a net profit of Rs. 417 crore or 55 million pound sterling, supported by better market environment and sustained cost reduction efforts.
The wholesale volumes over the previous quarter of July-September 2009 increased 28% with volume improvement in North America, Europe and China.
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