Tata Motors' consolidated net profit grows over 260 per cent to Rs9,274 crore in FY'11
26 May 2011
Tata Motors has reported a consolidated net profit (after tax and minority interests) of Rs9,274 crore for the year ended 31 March 2011 against a net profit of Rs2,571 crore in the previous financial year (ended 31 March 2010) - an increase of 260.7 per cent.
Consolidated profit before tax (PBT) for the year rose 196.3 per cent to Rs10,437 crore compared to a PBT of Rs3,523 crore in the previous financial year.
Consolidated revenue of the Tata Motors Group (net of excise) for the year ended 31 March 2011 rose 33.1 per cent to Rs123,133 crore from Rs92,519 crore in the previous year.
Global sales of Tata Motors, including Jaguar Land Rover, stood at 1,080,994 units in 2010-11, representing a growth of 24.2 per cent from the previous year. Global sales of all commercial vehicles stood at 512,731 units, while global sales of passenger vehicles rose to 568,263 units, with strong volume growth globally in all major markets.
Tata Motors reported a 25.2 per cent increase in stand-alone sales of commercial and passenger vehicles at 836,629 units in FY11.
In the domestic market, the company's commercial vehicle sales increased 22.7 per cent year-on-year to 458,828 units. Tata Motors' market share in commercial vehicles stood at 61.8 per cent. Passenger vehicles, including Fiat and Jaguar and Land Rover, distributed in India, grew 23.0 per cent year-on-year to 319,712 units.
