Tata Motors posts robust revenue, but have margins peaked?
Tata Motors posts robust revenue, but have margins peaked?
Tata Motors Ltd’s shares rose by 2.5% on Thursday in the run-up to the company’s results. However, with surprises from its Jaguar Land Rover (JLR) business tapering off, the March quarter results were in line with estimates.
Consolidated net revenue for the quarter jumped 23% over the year-ago period. About two-thirds of this came from JLR, where new product launches continued to fuel sales as in the previous three quarters of fiscal 2011. Net revenue from domestic operations was lower at 19%.
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