Tata Motors net sales dropped 10% to Rs58,651 crore from Rs65,115 crore on muted sales at Jaguar Land Rover Automotive Plc. Photo: Ramesh Pathania/MintMumbai: Tata Motors Ltd on Wednesday reported a 41% increase in consolidated June-quarter net profit on account of a one-time gain from changes made to the pension plan at its UK unit Jaguar-Land Rover. Net profit rose to Rs3,200 crore in the three months to June from Rs2,260 crore a year ago. A Bloomberg analyst poll had forecast a net profit of Rs1,479.60 crore. Tata Motors shares closed at Rs416.75, down 3.17%, on the BSE.

Source: Mint August 09, 2017 10:42 UTC