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via economictimes.indiatimes.comBusiness & Companies

Tata Motors CV posts Rs 2,138 crore standalone profit for the September quarter

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Tata Motors Ltd achieved a standalone net profit of ₹2,138 crore for the September quarter, reversing last year's loss. Revenue from operations rose significantly to ₹23,930 crore, up 42% from the previous year. Improved demand was driven by higher fleet utilization and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA return to profit with strongly rising revenue points to better demand for India's commercial vehicle unit.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Standalone net profit reached Rs 2,138 crore for the September quarter, reversing last year's loss.
  2. 02Revenue from operations rose to Rs 23,930 crore, up 42% from the previous year.
  3. 03Managing director Girish Wagh attributed demand to higher fleet utilization and industrial activity.
  4. 04Consolidated profit increased to Rs 1,257 crore, aided by a drop in mark-to-market losses.

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