Tata Motors consolidated Q3 net up over 40 per cent at Rs3,406 crore
14 Feb 2012
Tata Motors has reported a 40.51 per cent jump in its consolidated net profit for fiscal third quarter ended 31 December 2011, at Rs3,406 crore, helped by robust sales of its luxury brands Jaguar and Land Rover.
The company had posted a net profit of Rs2,424 crore in the corresponding period last financial year.
Total group income increased to Rs45,284.28 crore during the quarter ended 31 December 2011 from Rs31,451.44 crore in the quarter ended 31 December 2010, unaudited results released by the company showed.
Tata Motors' stand-alone net profit more than halved at Rs173.67 crore during the quarter ended 31 December 2011 compared to Rs410.06 crore during the quarter ended 31 December 2010.
Total stand-alone income of the company increased to Rs13,362.91 crore during the December 2012 quarter from Rs11,285.30 crore in the year-ago quarter, audited figures showed.
Tata Motors said higher marketing spends and overall cost pressures resulted in a reduction in the operating margins to 6.7 per cent, and an operating profit (EBITDA) of Rs897 crore in the quarter, a 26.3 per cent decline against Rs1,217 crore in the corresponding period last year.