Click it and Unblock the Notifications
Tata Motors Reaps Good Revenue In Q3
The period"s Consolidated Profit sans minority interest and profit in respect of associate companies, stood at Rs6636 crores against Rs343 crores for the same period of 2009. The business volume of Jaguar Land Rover continued to lead with profit during Q3 by brining in PRoft after tax of GBP to Rs1959 crores. The product received good sale volume in both retail and wholesale compared to the previous year"s stint. The reasons attributed for this are refined market situations and favorable response to the product ranges. However the Tata Daewoo Commercial Vehicles incurred a loss revenue to the tune of Rs4.4 crores for the same period due to less volumes and cost constraints. The company"s finance wing, Tata Motors Finance co, procured a profit range of Rs33 crores in the assessed period. As of December 2010 Tata Motors received a gross revenue of Rs12504 crores against Rs9622 crores during the same quarter of 2009. There has been 28.4% growth in the revenue of Rs11520 crore from the previous year"s Rs8974 crores. The EBITDA stood at Rs1196 crores in the said quarter which was Rs1152 crores in the corresponding quarter of the previous year. Thus there is a margin of 10.4% in EBITDA during this current quarter from the previous one amidst the Tata Motors facing cost constraints in commodities.
For the current quartet the PBT is Rs531 crores against Rs555 crores during the Q3 of this fiscal while the PAT for this quarter is Rs410 crore against Rs400 crore in Q3. For the period April-December 2010 the stand alone revenue stood at Rs33440 crores making a rise of 43.2% against Rs23356 crores of the previous year. During the same period of 2009 the profit stood at Rs1238 crores . the company received good volumes in commercial vehicle sector backed by amicable economic atmosphere, freight demand and easy availability of finance. The domestic market found the number of commercial vehicles increase by 21.5% with 113622 units. Tata Motors stabilized its share in the commercial vehicles sector with 64.1% contributed by the market share in LCVs and MHCVs. The company got growth from its passenger car segment comprising Fiat and Jaguar, Land Rover ranges making a rise of 4.7% in the domestic market by selling 64501 units. The passenger car has the share of 12.7% in the overall market during the same period. The company introduced the open sale of Nano initially in some states and across the country last month sensing the response from the customers.
Continue with Google