Tata Motors Q2 consolidated net profit down 15.55 percent
November 14th, 2011 - 7:54 pm ICT by IANSMumbai, Nov 14 (IANS) Indian automobile giant Tata Motors Monday reported a 15.55 percent decline in the consolidated net profit, at Rs.1,877 crore, for the quarter ended Sep 30 as against Rs.2,223 crore during the same period of the previous financial year.
Revenue stood at Rs.36,198 crore during the quarter under review, up 26.9 percent compared to Rs.28,519 crore during the like period of the previous fiscal, the company said in a regulatory filing.
Tata Motors’ sales of commercial and passenger vehicles for the first half of the financial year stood at 409,006 units representing a growth of 2.8 percent as compared to the corresponding period of the previous year.
Segment-wise, Jaguar Land Rover sale for the first half of 2011-12 stood at 130,090 units representing a growth of 13.8 percent as compared to the corresponding period of the previous year on the back of better product mix and with strong growth in China and Russia.
Tata Daewoo Commercial Vehicles registered net revenue of Rs.902 crore and recorded a net profit of Rs.3 crore during the quarter under review.
Tata Motors Finance, the company’s financing subsidiary, registered a net revenue of Rs.471 crore and reported a net profit of Rs.52 crore during the quarter.
At the Bombay Stock Exchange, the shares of the company closed 2.09 percent lower at Rs.177.90.
- Tata Motors posts Rs.2,223 crore Q2 profit (Lead) - Nov 09, 2010
- Tata Motors third quarter net profit up 40.47 percent - Feb 14, 2012
- Carborundum Universal Q2 net profit grows 55 percent - Oct 27, 2010
- ITC Ltd quarterly net profit increases 24.5 percent - Jul 28, 2011
- Kingfisher Airlines third quarter loss at Rs.444 crore - Feb 16, 2012
- TCS shares surge 12 percent on robust earnings - Apr 24, 2012
- TCS shares surge 12 percent on robust earnings - Apr 24, 2012
- RComm sequential quarterly profit rises 60.5 percent - Nov 12, 2011
- Tata Motors posts Rs.2,223 crore profit - Nov 09, 2010
- TVS's Q3 net profit jumps 137 percent - Jan 20, 2011
- Hero Honda quarterly net profit plunges 16.2 percent - May 04, 2011
- Mahindra Satyam net profit at Rs.534 crore - May 17, 2012
- Reliance Industries net profit rises 28 percent to Rs.5,136 crore - Jan 21, 2011
- Tata Teleservices Q2 net profit falls 9 percent - Oct 25, 2010
- Godrej Industries quarterly net profit rises 45 percent - Jul 30, 2011
Tags: bombay stock exchange, china, commercial vehicles, crore, daewoo, decline, giant, indian automobile, jaguar, land rover, net profit, passenger vehicles, previous year, q2, rs 1, rs 2, russia, segment, subsidiary, tata motors