NEW YORK ( TheStreet) -- Tata Motors (TTM), India's largest automaker by revenue, reported first quarter 2010 profit of 19.9 billion rupees ($430 million) as against a loss of 3.3 billion rupees ($71 million) in the prior year's quarter. Total revenues stood at 269 billion rupees ($5.8 billion), up 64% year-over-year.Earnings were primarily driven by the Jaguar Land Rover (JLR) business which reported a profit before tax of 15.9 billion rupees ($345 million). Wholesale volumes for JLR increased 59% to 57,153 units from 35,947 units during the first quarter of 2009.
Jaguar, Land Rover Drive Tata to Profit
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.