Tata Motors Q1 Results: Auto major posts profit of Rs 3,203 cr on strong JLR sales; revenue up 42%

Tata Motors Ltd reported a higher-than-expected consolidated net profit of Rs 3,203 crore for the quarter ended June, as against a net loss of Rs 5,007 crore a year ago. An ET Now poll had estimated the net profit at Rs 2,412 crore. The strong bottom line was aided by a stellar operational performance and strong sales growth. Consolidated revenue from operations increased 42% on year to Rs 1.02 lakh crore. Operating margin expanded a whopping 700 basis points on year to 14.4%.