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Tata Motors has posted a standalone net profit of Rs.183.65 crore for December quarter. The company in the last quarter, had reported a loss of Rs.295.30 crore and Rs.1052.13 crore in the same quarter, year ago.
In a BSE filing the company stated that, it has made Rs.1,021 crore investment in products, platforms and technologies. Standalone revenue for the Tata Group firm increased 58.6% YoY to Rs.16,101.60 crore.
Further, overall consolidated revenue increased 16.1% to Rs.74,156 crore. Its subsidiary, JLR has reported 6,310 million pound in revenues. Consolidated profit increased to Rs.1,215 crore from Rs.111.6 crore in the same quarter, last year.
