Tata's on a roll!
On Monday, the largest automobile company in India, Tata Motors reported a three-times jump in their net profit to Rs. 5,177 crores March ended quarter.
This huge rise in the profit levels was accumulated by the strong sales of Jaguar Land Rover and domestic trucks which are on high demand these days.
For the financial year 2015-16, the motor company claimed to be its net profit to be around Rs. 11,024 crores, which had actually dropped by 21.18% from the previous fiscal of 2014-15 which was Rs. 13,986.
By announcing this consolidated net profit ratio, Tata Motors has proved as to why they deserve to be India’s largest company.