This Tata company did wonders
A company of Tata Group, one of the largest business houses of the country, has traveled well from heights to heights in the last few years. If we look at the history of this company, there came a time when the company was on the verge of being sold. Now this company has earned a profit of Rs 7,025.11 crore in just 3 months.
Here we are talking about Tata Motors. The company released the results for the October-December quarter of the current financial year on Friday. The company’s consolidated net profit during this period was Rs 7,025. It has been Rs 11 crores.
Profit increased by 137.5 percent
If the October-December quarter results of Tata Motors are compared with the figures for the same quarter of 2022-23, then a growth of 137.5 percent has been seen. The company’s profit in the October-December quarter of the financial year 2022-23 was only Rs 2,958 crore.
Jaguar Land Rover changed its fortunes
A major part of Tata Motors’ profit has come from the increase in sales of ‘Jaguar Land Rover’ in the luxury segment. It is also amazing that at one time, due to Tata Motors being in loss, Ratan Tata wanted to sell it to Ford, but things could not work out.
Then when Ford wanted to sell its Jaguar and Land Rover brands, Tata Motors came forward and made this loss-making brand so profitable that today it is earning profits for Tata Motors too.
Revenue reached Rs 1.11 lakh crore
Operational consolidated revenue of Tata Motors has increased by 25 percent to Rs 1.11 lakh crore. Jaguar Land Rover has seen record growth in revenue. It has increased by 22 percent on annual basis to 7.4 billion pounds.