Tata Motors Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 46.30 billion rupees, a gain of 142.2% from 19.11 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 rose to 7.2% from 4.1% in the year-earlier period.
Total revenue increased 37.2% year over year to 641.51 billion rupees from 467.62 billion rupees, and total operating expenses increased 30.6% year over year to 559.88 billion rupees from 428.84 billion rupees.
Reported net income came to 53.98 billion rupees, compared with 17.26 billion rupees in the prior-year period.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.