Tata Motors Posts Surge In Q4 Profit

Tata Motors Ltd TTM reported a strong rise in its Q4 consolidated net profit. Tata Motors' quarterly profit climbed to INR62.34 billion, versus INR26.38 billion, in the year-ago period. However, analysts were expecting a profit of INR37.14 billion. Its sales surged 44% to INR506.09 billion from INR351.48 billion. Profit at Jaguar Land Rover jumped to GBP696 million, while sales gained 51% to GBP4.14 billion. Tata Motors shares gained 5.70% to $25.20 in pre-market trading.