Reuters (Mumbai) - Tata Motors(TAMO.NS) reported a higher-than-expected 40.5 percent rise in quarterly profit, as strong sales at its Jaguar Land Rover unit offset rising input costs.
The company, part of India's salt-to-software Tata conglomerate, said on Tuesday consolidated net profit rose to 34.06 billion rupees for the fiscal third-quarter ended December 31 from 24.24 billion a year ago.
Revenue rose 44 percent to 452.60 billion rupees.
Analysts on average had forecast a net profit of 26.13 billion rupees on revenue of 416.73 billion, according to Thomson Reuters I/B/E/S.
