MUMBAI: Tata Motors Ltd posted a 36.7% fall in fourth-quarter net profit, a smaller-than-expected drop, as a jump in sales at its Jaguar Land Rover (JLR) subsidiary offset falling profit at its domestic business.
Tata Motors, part of the salt-to-steel Tata conglomerate, said net profit for the January-March quarter was 39.45 billion rupees (US$705mil), down from 62.34 billion rupees the previous year, with revenue up 10% at 560 billion rupees.
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