Tata Motors on Tuesday reported a massive 102-fold jump in its consolidated net profit for the quarter ended September 30 at Rs 2,222.99 crore (Rs 22.23 billion) on account of robust demand across categories. The company had posted a net profit of Rs 21.78 crore (Rs 217.8 million) in the corresponding period last year, Tata Motors said in a statement.
The consolidated total income from operations during the second quarter also increased by 36.48 per cent to Rs 28,782 crore (Rs 287.82 billion) from Rs 21,088.45 crore (Rs 210.88 billion) in the year-ago period, it added.
"Favorable macroeconomic conditions, good monsoons and good finance availability led to robust domestic demand during the quarter, resulting in volume growth across all segments," the company said.
The shares of Tata Motors rose marginally and closed the day at Rs 1,270.55 a piece on the BSE.
