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Tata Motors fiscal Q3 profit falls YOY

Tata Motors Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 36.61 billion rupees, a decline of 5.9% from 38.89 billion rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 5.1% from 6.2% in the year-earlier period.

Total revenue climbed 9.4% year over year to 691.22 billion rupees from 631.62 billion rupees, and total operating expenses climbed 10.0% on an annual basis to 624.07 billion rupees from 567.38 billion rupees.

Reported net income came to 35.81 billion rupees, compared with 48.05 billion rupees, or 14.92 rupees per share, in the year-earlier period.

As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.