Tata Motors

Tata Motors Commercial Vehicles (TMCV) released its June-quarter performance on Wednesday after market hours, reporting a consolidated net profit of ₹2,560 crore, led by mark to market gain on investments in Tata Capital. The profit was 83.24% higher over ₹1,397 crore in the same period last year. Sequentially, net profit also improved from ₹1,793 crore reported in the March quarter. Consolidated revenue from operations rose to ₹20,576 crore during the quarter, compared with ₹17,192 crore in the April-June period of the previous financial year, marking a growth of nearly 20%.