Skip to main content

Tata Motors prifits up

Tata Motors reported a net profit of Rs 400.14 crore for the third quarter of this fiscal, a turnaround from the Rs 263.26-crore net loss in the corresponding period last year. Revenue almost doubled to Rs 8,979.9 crore from Rs 4,759. 62 crore. The company sold 1.65 lakh vehicles during the quarter, 68 per cent up over 98,760 units last year.

However, on a sequential basis, the contraction of operating margin brought down net profit from the peak of Rs 729.14 crore in the preceding quarter.

It was primarily the turnaround in the commercial vehicle segment which grew 89 per cent year-on-year that drove the company back to the profit zone. Market share grew to 64.3 per cent with 93,520 units sold during the quarter. The medium and heavy commercial vehicle segment which was the worst hit during the downturn saw a 121 per cent growth while light commercial vehicles maintained a 70 per cent plus growth rate.

On the passenger vehicle front, the launch of Indigo Manza and Sumo Grande Mark II along with growing sales of the Nano and Indica Vista helped sales grow 46 per cent at 61,593 units. Coupled with sales of ally, Fiat India, and Jaguar Land Rover, Tata Motors' market share in the passenger vehicle segment is now 13.1 per cent.
Labels:

Comments

Post a Comment

Popular posts from this blog

RBS picks up 0.60% stake in Gateway Distriparks

The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
Post a Comment
Read more

Day End Report

The Sensex opened with a huge downward gap of 250 points at 13,856, and soon touched a low of 13,731. Another rise in repo rate and Cash Reserve Ratio by the RBI sparked off heavy sell-off in opening trades. However, fresh buying at lower levels helped the index recover all its losses by mid noon trades. A fresh round of buying in late trades saw the index surge to a high of 14,249 - up 518 points from the days low. The Sensex finally settled with a gain of 113 points at 14,220. The NSE Nifty ended with a gain of 60 points at 4,251. The market breadth was marginally positive- out of 2707 stocks traded, 1,370 advanced, 1,264 declined and 73 were unchanged today. Reliance Communications (RCom) zoomed 7.2% at Rs 509. Tata Steel surged 4.5% at Rs 743. DLF and Reliance Infra gained 4.2% each at Rs 458 and Rs 945, respectively. TCS and Bharti Airtel advanced 4% each at Rs 877 and Rs 780, respectively. Ranbaxy was up 3.8% at Rs 545. BHEL gained 3.7% at Rs 1,442. Reliance advanced 3.4% to Rs 2...
Post a Comment
Read more

Auto industry records highest-ever sales in Jan

Riding on the back of economic growth, easy availability of finance and the continuing fiscal stimulus, the domestic auto industry has posted the highest ever monthly sales in January. The strong growth is both in terms of passenger car volumes and the total vehicle sales. According to Society of Automobile Manufacturers (SIAM) data, the passenger car segment has posted a 32 per cent growth in domestic sales at 145,905 units in January, over the same month last year. The last highest-ever monthly sales in the segment were in March 2009, when it sold 129,358 units. Meanwhile, overall sales across the industry grew 45 per cent at 1,114,157 units. The earlier record of highest ever monthly sales was in October 2006, when the industry had sold 1,017,198 units. Individually, the umbrella passenger vehicle segment posted a 37 per cent growth, while the commercial vehicle (CV) segment grew 131 per cent. Also, the two-wheeler and three-wheeler segments rose 43 and 47 per cent, respectively.
Post a Comment
Read more