The Daily PulseBusiness
Tata Motors swings to ₹2,138 crore profit in September quarter
Reported by Aakash Bora (Staff Writer) · Economic Times - Markets ·
Confirmed by a second source: Business Standard - Top Stories
Photo: Wikimedia CommonsTata Motors posted a standalone net profit of ₹2,138 crore for the September quarter, turning a loss from the same period last year into a profit. Revenue from operations rose to ₹23,930 crore, 42% higher than a year earlier. The company said higher fleet utilisation and stronger industrial activity lifted demand. Managing director Girish Wagh highlighted the improved utilisation as a key factor. On a consolidated basis, profit climbed to ₹1,257 crore, helped by a reduction in mark-to-market losses.
Context
Automobile makers in India have seen demand improve as factories resumed output after pandemic disruptions.
More in Business
BusinessUnconfirmed — Reported by one source so farImportant
Sydney independent restaurants face severe financial strain amid rising costs and changing policies.
Reported by Deepak Mishra (Copy Editor) · ABC News Australia - Business ·
BusinessUnconfirmed — Reported by one source so farImportant
MK Sons Fine Jewels sets IPO price band at 153 to 162 rupees to raise 275 crore.
Reported by Neha Sharma (Staff Writer) · Livemint - Markets ·
