Tata Motors Q3 reports stand-alone net revenue of Rs8,979.90 crore

Mumba: Tata Motors today reported revenues (net of excise) of Rs8,979.90 crores on a stand-alone basis for the quarter ended 31 December 2009, a growth of 88.7 per cent compared to Rs4,758.62 crores in the corresponding quarter last year.

The company's operating margins (EBITDA) came in at 12.8 per cent, an improvement of 1092 basis points compared with the corresponding quarter of the previous year.

"Volume recovery and marginal price increase undertaken in October 2009 to combat strengthening commodity prices aided the company to maintain double digit margins," the company said in a statement.

Profit before tax for the quarter was Rs555.04 crore (loss in Q3 2008-09: Rs.419.15 crore, after considering notional foreign exchange loss (net) of Rs. 225.73 crore) and profit after tax was Rs400.14 crores (loss in Q3 2008-09: Rs.263.26 crore).

Sales volume for the quarter (including exports) stood at 165,413 vehicles. This is a growth of 67.5 per cent over sales of 98,760 vehicles in Q3 2008-09, which witnessed steep decline in volumes impacted by the financial crisis.

In the domestic market, commercial vehicles sales increased by 88.8 per cent to 93,520 units leading to a market share of 64.3 per cent. With a growth of 121.6 per cent in Q3 2009-10 over sales in Q3 2008-09, the medium and heavy commercial vehicle segment witnessed a year-on-year growth for the second quarter in a row in the current fiscal year.

Light commercial vehicles, led by the continued strong performance of the Ace and its variants and on the low base of previous year, witnessed significant growth of 70.5 per cent over Q3 2008-09.

Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, grew by 46 per cent in the domestic market to 61,593 units. The market share for Tata passenger vehicles for the period stood at 11.8 per cent.