Tata motors Q1 net profit up 1.4 percent

August 11th, 2011 - 6:58 pm ICT by IANS  

New Delhi, Aug 11 (IANS) Indian automobile giant Tata Motors Thursday reported a 1.40 percent increase in its net profit for the first quarter of the current fiscal at Rs.401.2 crore as compared to Rs.395.72 crore in the like period of 2010-11.

“Company has posted a net profit of Rs.4,012.80 million for the quarter ended June 30, 2011 as compared to Rs.3,957.20 million for the quarter ended June 30, 2010,” the company said in a regulatory filing at Bombay Stock Exchange (BSE).

According to the filing, the company’s total income in the quarter under review grew by 14.57 percent at Rs.12,013.41 crore as compared to Rs.10,485.56 crore in the first quarter of the last fiscal.

The company’s consolidated net profit in the first quarter increased by marginally at 0.54 percent at Rs.1,999.62 crore as compared to Rs.1,988.73 crore for the quarter ended June 30, 2010.

The group’s total income rose by 24.20 percent at Rs.33,648.54 crore for the first quarter of the current fiscal Rs.27,090.12 crore for the quarter ended June 30, 2010.

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