Tata Motors has reported second fiscal quarter net profit of INR7.29bn ($US156.4m), up from INR3.47 bn a year earlier.
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Revenues totalled INR79.79bn compared to Rs.70.79bn a year ago, growth of 12.7%.
Operating margin improved to 13.4%.
“Volume recovery combined with improved realisations contributed to growth in revenues whilst stable material prices and accelerated cost reduction efforts continued to yield beneficial impact on margins,” Tata said.
Quarterly sales rose 17.4% to 158,575 vehicles.
“Revival of industrial activity and improvement in liquidity coupled with introduction of new products and variants improved the company’s sales in the domestic market. However, continued slowdown in prime markets and volatility of exchange rates persist in impacting company’s exports of commercial vehicles and passenger vehicles,” Tata said.
Half year revenue rose 2.7% to INR143.8bn and net profit was INR12.4bn, growth of 84.7%.
The stand-alone figures did not include results for UK unit Jaguar Land Rover.
