India automotive giant Tata Motors on Wednesday reported an increase of 10.5 per cent in consolidated net profit for the second quarter of current fiscal, thanks to Jaguar Land Rover's strong performance.

Tata Motors said that its consolidated net profit jumped from Rs 1,877 crore in the second quarter of 2011-12, to Rs 2,074 crore in the same quarter of current fiscal.

Earnings from operations at the consolidated level jumped 19 per cent to Rs 44,105 crore in the three months through September 30, from Rs 37,119 crore in the corresponding period of last fiscal year.

The Jaguar Land Rover unit reported a whopping 77 per cent rise in net profit from Rs 1,500 crore (£172 million) to Rs 2,650 crore (£305 million) over the same period of time.

Stand-alone profit jumped more than eight times, from Rs 102 crore to Rs 867 crore. However, the automotive giant received Rs 1,300 crore in dividend from the Jaguar Land Rover, which provided a boost to the company's standalone profit.

C R Ramakrishnan, chief financial officer at Tata Motors, said, "The Q2 profit for standalone is about Rs 900 crore which is after taking into account the dividend from JLR but without the dividend at the PAT level there is a loss ."

Ramakrishnan added that the company has a product pipeline which would include powertrain changes as well as refreshes to the vehicles. The list of the company's upcoming products includes diesel and CNG versions of the Nano.