JLR’s Quarterly Profits Double

Tata Motors Ltd.'s Jaguar Land Rover unit posted earnings before interest, taxes, depreciation and amortization of 842 million (€1 billion) in its fiscal third quarter ended Dec. 31 compared with and EBITDA of 404 million in the year-earlier period.

Revenue climbed 40% to 5.3 billion (€6.4 billion) as unit sales rose 27% to 112,200 vehicles. The unit's net profit for the three-month period doubled to 619 million (€744 million).