Tata Motors Q2 net profit at Rs 848 crore on strong JLR sales

 Tata Motors today reported consolidate profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets.  Commodity Trading Tips



It had posted a consolidated loss after tax of Rs 1,740 crore in the July-September period of last fiscal, Tata Motors said in a statement.

Consolidated net revenue in the second quarter of 2016-17 was up 6.94 per cent at Rs 67,000 crore, as against Rs 62,647 crore in the year-ago period.

JLR posted strong sales in all the regions -- UK, Europe, North America, China and other overseas markets, the company said.   Nifty Trading Tips



On standalone basis, Tata Motor's net loss widened to Rs 631 crore for the quarter under review, compared to Rs 289 crore in the year-ago period.

Standalone net sales were at Rs 11,406 crore as against Rs 11,794 crore in the year-ago period, down 3.28 per cent.   Future & Option Trading Tips