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30.1% Is Revenued up by Tata Motors Q1

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Core prompt: Tata Motors has reported revenues of INR433.24bn ($7.7bn) for the first quarter ended June 30, 2012, an increase of 30.1%, compared to INR332.89bn ($5.97bn) for the sam

Tata Motors has reported revenues of INR433.24bn ($7.7bn) for the first quarter ended June 30, 2012, an increase of 30.1%, compared to INR332.89bn ($5.97bn) for the same period in 2011.

The consolidated profit before exceptional item and tax increased 50.8% to INR36.2bn ($649m), compared to INR24.03bn ($431m) in the corresponding quarter of the previous year.

The consolidated profit before tax (PBT) for the quarter was INR31.83bn ($571m), compared to INR23.46bn ($421m) for the same period previous year.

Tata Motors standalone revenues for the quarter decreased to INR105.86bn ($1.89bn), compared to INR116.24bn ($2.08bn) in the corresponding period last year.

Jaguar Land Rover sales for the quarter grew 34.4% to 83,452 units.

Tata Motors reported 15% increase in sales (including exports) of commercial and passenger vehicles to 73,491 vehicles during July 2012 compared to same period in 2011.

 
keywords: Tata, Q1, revenues up
 
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