Tata Motors posts Rs2,223-crore Q2 net profit
09 Nov 2010
Tata Motors saw its fiscal second quarter (July-September 2010-11) net profit jump to Rs2,223 crore on the back of a strong performance by its UK unit, the Jaguar Land Rover, which reported an after-tax profit of Rs1,715 crore (238 million pounds) for the quarter.
Tata Motors reported a consolidated net profit of Rs2,223 crore for the fiscal quarter ended 30 September 2010, against Rs21.78 crore for the quarter ended 30 September 2009, a significant increase year-on-year.
The figures, however, are not comparable as the previous fiscal was one of evolving business for the Tata Motors group from a domestic to a global automaker.
Total consolidated income of the company increased to Rs28,801.54 crore during the quarter ended 30 September 2010 from Rs21,495.17 crore during the quarter ended 30 September 2009, unaudited results showed.
Consolidated net profit (post minority interest and profit in respect of associate companies) for the fiscal first half (April-September 2010-11) stood at Rs4,212 crore against Rs307 crore in the first half of the previous fiscal.
Consolidated revenues (net of excise) for the fiscal first half rose 48.7 per cent to Rs55,838 crore against Rs37,561 crore in the first half of the previous year.