Tata Motors today reported an over two-fold increase in its consolidated net profit for the quarter ended March 31 at Rs 6,234 crore as compared to the net profit of Rs 2,637.52 crore in the corresponding period last year, according to a company statement.
The consolidated net income during the fourth quarter also soared by 44.27 percent to Rs 50,907.90 crore from Rs 35,287.06 crore in the year-ago period.
For the entire 2011-12 financial year, Tata Motors' consolidated net profit showed an upward tick of 45.75 percent to Rs 13,516.50 crore from Rs 9,273.62 crore in the previous fiscal. The consolidated net income in FY'12 logged at Rs 1,65,654.49 crore versus Rs 1,22,127.92 crore in FY11, an increase of 35.64 percent. Tata Motors, meanwhile, announced that Tata Sons Deputy Chairman Cyrus P Mistry was inducted to the Tata Motors board as a Director.