Tata Motors Group today (9 November) reported consolidated revenues (net of excise) for the quarter ended 30 September 2010 of Rs28,782 crores, posting a growth of 36.5% compared to Rs21,088 crores in the corresponding quarter of the previous year, with strong volume growth globally in all major markets.
Consolidated profit before tax (PBT) for the quarter was Rs2,523 crores, compared to a PBT of Rs287 crores for the corresponding quarter last year.
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Consolidated profit for the period (post minority interest and profit in respect of associate companies) for the quarter was Rs2,223 crores – a significant increase from a profit of Rs22 crores in the corresponding quarter last year
Consolidated revenues (net of excise) for the half year ended 30 September 2010 were Rs55,838 crores – a growth of 48.7% compared to Rs37,561 crores in the first half of last year..
The consolidated profit (post minority interest and profit in respect of associate companies) for the half year was Rs4,212 crores compared to a loss of Rs307 crores in the first half last year
Jaguar Land Rover continued to show strong profitability, with healthy volumes in Q2 FY2010-11, reporting a profit after tax of GBP238m.
Both wholesale and retail volumes, improved compared to the corresponding quarter in the prior year, on the back of improved market conditions.
Tata Daewoo Commercial Vehicles Co. Ltd. registered a year-on-year quarterly decline of 8.5% in net revenues, mainly resulting from lower exports and the ramp up state of operations in a newly formed distribution company.
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