Mumbai, May 29: India's leading vehicle manufacturer, Tata Motors Ltd(BOM:500570) reported its net profit for the fiscal fourth quarter (Jan-Mar) more than doubled to Rs 62.34 billion as compared to Rs 26.37 billion for the quarter ended March 31, 2011.
The group's profit surged as its British unit Jaguar Land Rover (JLR) sales offset the lackluster sales in traditional domestic market.
The company, part of the software-to-steel Tata Group conglomerate, reported consolidated revenue grew 44% on-year to Rs 506.09 billion, compared with Rs 351.48 billion in a year ago period.
The maker of world's cheapest car Nano said that net profit for JLR for the Q4 was 696 million pounds.
Tata Motors consolidated net profit after tax, Minority Interest and Share of Profit of Associates for FY12 stood at Rs 135.16 billion as compared to Rs 92.74 billion for the year ended March 31, 2011.
The company’s total revenue for the fiscal 2011-12 stood at Rs 1663.16 billion as compared with Rs 1225.57 billion for the year ended March 31, 2011. Earnings per share of the company for the latest quarter stood at Rs 1.77, compared with Rs 0.53 in the previous quarter.
Shares of Tata Motors closed at Rs 275.90, down 0.25% on BSE Tuesday.