Tata Motors shares jump nearly 5% after Q2 earnings
The Hindu
Tata Motors' shares surge 5% after Q2 profit rises to ₹3,783 cr; JLR revenue up 30%.
Shares of Tata Motors climbed nearly 5 per cent in morning trade on Friday, after the company reported a consolidated net profit of ₹3,783 crore for the September quarter, riding on robust performance by its British arm Jaguar Land Rover.
The stock gained 4.49 per cent to ₹665.45 on the BSE.
At the NSE, it climbed 4.64 per cent to ₹666.
This is the fourth successive quarter of positive results for the homegrown auto major.
The Mumbai-based company had posted a consolidated net loss of ₹1,004 crore in the year-ago period.
Total consolidated revenue from operations stood at ₹1,05,128 crore, as compared with ₹79,611 crore in the year-ago period, Tata Motors said in a regulatory filing on Thursday.
On a standalone basis, the company reported a net profit of ₹1,270 crore for the September quarter, it added.
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