Credit from Tata Motors, earned a profit of Rs 3,043 crore in the third quarter

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Vehicle company Tata has earned an integrated net profit of Rs 3,043 crore in the third quarter of October-December of the current financial year 2022-23. The company grew on the back of substantial sales growth during the quarter. The company had a net loss of Rs 1,451 crore in the October-December quarter of the last financial year 2021-22.

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In a communication to share subscribers, the company said that its total income during the quarter also stood at Rs 88,489 crore. It was Rs 72,229 crore in the corresponding period of the last financial year.

On this standalone basis, the net profit of the company rose to over Rs 506 crores at dub. 176 crore in the same quarter a year ago.

Tata Motors said that Tata Group’s British unit Jaguar Land Rover’s revenue rose 28 per cent to six billion pounds in the December quarter.

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