MUMBAI: Tata Motors has posted a consolidated net profit of Rs 21.78 crore for the quarter ended September 30, 2009 whereas it had posted a net loss of Rs 941.75 crore for the quarter ended September 30, 2008.

According to an official release issued by the company, its total income for the quarter ended September 30, 2009 is is Rs 21,506.94 crore whereas it was Rs 23,417.27 crore for the quarter ended September 30, 2008.

On June 02, 2008, the Company acquired from Ford Motor Company, Jaguar Land Rover businesses. The financial results for the half year ended September 30, 2008 include the results of the operation of Jaguar Land Rover businesses for the period June 02, 2008 to September 30, 2008. The financial results for the half year ended September 30, 2009, are not comparable to this extent with the previous period, the release said

Consolidated operating profit for the quarter was Rs 1591.62 crore, an improvement of 106 basis points when compared with the corresponding quarter of the previous year.

Increase in depreciation, interest costs due to increased borrowing to support investments and new development partly offset the operating profit, the release added.

Bloomberg UTV had estimated consolidated net profit of Rs 160 crore for the quarter.