Small BusinessTata Motors reports Q3 turnaround with Rs 400 cr net
Tata Motors, the country"s leading automobile manufacturer, reported a net profit of Rs 400.14 crore for the third quarter ended December 31, 2009.
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The company had a net loss of Rs 263.26 crore in the December quarter of FY09, Tata Motors said in a filing to the Bombay Stock Exchange (BSE).
Total income grew by 84.85 per cent to Rs 8,980.11 crore in the third quarter from Rs 4,858.13 crore in the corresponding period a year-ago.
Shares of Tata Motors closed at Rs 694.35, down 2.92 per cent from the previous close on the BSE today.