Driven by massive margin squeeze, Tata Motors today reported a 57 percent plunge in its domestic profit for the December quarter, but its British division Jaguar Land Rover (JLR) lifted the overall consolidated net profit by 40.5 percent to Rs 3,405 crore.
Announcing the results, chief financial officer C Ramakrishnan said the jump in the net profit is “mainly triggered by improvement in the performance in JLR” and a handsome gain as impact of the currency fall.
From: http://ping.fm/wYxf5
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