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Tata Motors posts Rs.2,240.08 crore net in 2009-10

New Delhi, May 27 (IANS) India’s top vehicle manufacturer Tata Motors Thursday said its net profit rose to Rs.2,240.08 crore for the financial year ended March 2010 as compared to Rs.1,001.26 crore in the previous fiscal.

The company’s total income increased to Rs.37,446.5 crore in 2009-10 as against Rs.26,555.7 crore in 2008-09.

It posted a net profit of Rs.2,571.06 crore for the year ended March 2010 whereas it had a net loss of Rs.2,505.25 crore a year ago.

Its total income stood at Rs.94,312.37 crore in 2009-10 as against Rs.71,679.91 crore in 2008-09.

In June 2008, the company acquired Jaguar Land Rover (JLR) business from Ford Motor Company. The financial results for the year ended March 2009 include the results of the operations of JLR for the period June 2008-March 2009 and due to this results for 2009-10 are not comparable with the previous year.

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