Tata Motors Posts Upbeat Q3 Net Profit

Tata Motors Ltd (NYSE: TTM) reported a 41% surge in third-quarter consolidated net profit.

Tata Motors' quarterly profit surged to INR34.06 billion, versus INR24.24 billion, in the year-ago period. However, analysts were expecting a profit of INR26.15 billion. Its sales surged 44% to INR452.60 billion from INR314.42 billion.

Profit at Jaguar Land Rover jumped 57% to GBP440 million. However, sales rose 41% to GBP3.75 billion.

Tata Motors shares gained 3.41% to $27.02 in pre-market trading.