Tata Motors, recovering from the apparent suicide of managing director Karl Slym who was driving the firm's attempted domestic turnaround, said consolidated net profit rose to 48.1bn rupees (US$771m) in the three months to December from 16.3bn rupees a year earlier.
The company said that a strong performance comes on the back of strong demand, growth in volumes and favourable product mix.
JLR's profit more than doubled to £619m. JLR's sales have been propelled by the launch of the new Range Rover Sport, the new Range Rover and the Jaguar F-type.
Tata Motors has become heavily reliant on revenues from JLR, which it bought for US$2.3bn from Ford in 2008 at the height of the global financial crisis.
The purchase, seen by many analysts at the time as a risky gamble, has paid off with the iconic luxury brands accounting for virtually all of Tata Motors' profit.
The vehicle compnay, which also makes the ultra-cheap Nano hatchback, announced that total revenue for the third financial quarter - including JLR - jumped 38.6% to 638.77bn rupees from a year earlier.
But sales of domestic-led commercial and passenger vehicles for the quarter fell 36% for the quarter to 1.32m units from a year earlier.
Revenue from Tata Motors' local operations slid from 106,3bn rupees to 77.7bn rupees.
However the domestic arm of Tata Motors swung to a profit of 12.5bn rupees in the third quarter from a loss of 4.6bn, lifted by a one-off gain.
Tata Motors blamed the slide in its Indian sales on a "prolonged slowdown in economic activity, weak consumer sentiments, subdued infrastructure activity, tight financing environment with high interest rates".
India's economy has been growing at a rate of just 4.5%, about half the annual pace it experienced during earlier boom times.
Source: AFP via I-Net Bridge
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