India's Tata Motors Q4 net profit beats estimates

Newswire

MUMBAI, May 29 (Reuters) - Tata Motors Ltd posted a 36.7 percent fall in fourth-quarter net profit, a smaller-than-expected drop, as a jump in sales at its Jaguar Land Rover (JLR) subsidiary offset falling profit at its domestic business. Tata Motors, part of the salt-to-steel Tata conglomerate, said net profit for the January-March quarter was 39.45 billion rupees ($705 million), down from 62.34 billion rupees the previous year, with revenue up 10 percent at 560 billion ...

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