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Summary India's Tata Motors says its net profit rose 10 percent to 21.0 billion rupees ($387 million).
Tata Motors says its net profit rose 10 percent to 21.0 billion rupees ($387 million) in the July to September quarter. The strong performance of Jaguar Land Rover masked weak results from Tatas core brand.Sales rose 19 percent from a year earlier to 441.1 billion rupees ($8.1 billion), thanks to strong demand for Jaguar Land Rover vehicles, especially in China, which now accounts for over 20 percent of global sales.The numbers lagged estimates. Analysts polled by FactSet had forecast net income of 24.1 billion rupees for the quarter.Jaguar Land Rover paid a maiden dividend to Tata Motors of 150 million pounds ($240 million). This extraordinary income swung Tata Motors from a loss to a standalone net profit of 8.7 billion rupees ($160 million).
