India's top vehicle maker Tata Motors reported Tuesday a doubling in quarterly profit from a year ago, boosted by strong demand for British brands Jaguar and Land Rover which offset weak domestic sales.
Tata Motor, part of the tea-to-steel Tata group conglomerate, said net profit for the three months to March was 62.34 billion rupees ($1.13 billion), up from 26.38 billion rupees in the same period the previous year.
Revenues soared 44.3 percent to 509 billion rupees, the firm said in a statement.
Net revenue for the Jaguar and Land Rover brands climbed 51 percent to 4.14 billion pounds ($6.5 billion) and net profit jumped to 696 million pounds ($1.1 billion).
Jaguar and Land Rover sold 98,021 units in the last quarter, a jump of 48 percent from levels a year earlier.
Tata Motors, which is also the maker of the world's cheapest car, the Nano, bought Jaguar and Land Rover from Ford Motor Co in 2008 for $2.3 billion as part of plans to expand its reach beyond Asia.
The deal vaulted Tata Motors from a commercial vehicle and small-car maker into a global player with luxury brands in its range of offerings.
Domestic sales of cars and sport-utility vehicles at Tata Motors grew 18 percent in the past quarter to 112,470 units.