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Consolidated Net Revenue Grows by 64.2 Per Cent in Q1 FY 2010-11

By Motortrend India Staff   |   09 August,2010

The Tata Motors Group reported consolidated revenues (net of excise) of Rs 27,055.57 crore, posting a growth of 64.2 per cent over Rs 16,472.97 crore in the corresponding quarter of the previous year, with strong volume growth globally in all major markets.

The consolidated Profit Before Tax (PBT) for the quarter was Rs 2,275.44 crore, compared to a Loss before Tax of Rs 269.86 crore for the corresponding quarter last year. The Consolidated Profit after Tax (PAT) for the quarter was Rs 1,988.73 crore, a significant turnaround from a loss of Rs 328.78 crore in the corresponding quarter last year. Tata reported a Basic Earnings Per Share (EPS) of Rs 34.80 in Q1 FY2010-11 for its consolidated operations as against a Loss Per Share of Rs 6.40 in Q1 FY2009-10.

Tata Motors gross revenue for the quarter was Rs 11,296.80 crore. Revenues of Rs 10,416.26 crore represented a growth of 62.7 per cent over Rs 6,404.02 Crore in the corresponding quarter last year. Volume growth, cost efficiencies and better realisations have led to a double digit operating margin of 11.28 per cent, resulting in an Operating Profit of Rs 1,174.67 crore in the quarter.

The PBT for the quarter is Rs 537.65 crore and the PAT is Rs 395.72 crore. Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India grew by 56.0 per cent in the domestic market to 77,858 units driven by continued overwhelming response to the Tata Indigo Manza, the Tata Indica Vista and the Tata Nano. The market share for Tata passenger vehicles stood at 13.3 per cent as compared to 11.2 per cent in Q1 FY2009-10.

The JLR business continued to show strong profitability reporting a Profit before Tax of GBP 233.82 million (Rs 1,590.25 crore). With the positive market reception of the enhanced product and continued cost reduction efforts, the business was able to show sustained quarter on quarter improvement towards solid profitability.

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