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Tata Motors Q3 net up 9% at Rs 655cr (Business Standard 1st Feb 2008)Tata Motors today reported a 8.75% increase in consolidated net profit at Rs 654.79 crore for the third quarter ended December 31, 2007 when compared with Rs 602.07 crore in Q3FY07.According to a release issued to the BSE, the company's total income has increased to Rs 9,324.69 crore for the quarter ended December 31, 2007 from Rs 8,189.66 crore in Q3FY07.
The company, on a standalone basis, reported a 2.75% decline in net profit at Rs 499.05 crore for the quarter ended December 31, 2007 as compared to Rs 513.17 crore in Q3FY07. More
Higher borrowing costs dent Tata Motors net(The Hindu Business Line 1st Feb 2008)Tata Motors on Thursday reported a 2.8 per cent drop in its third quarter stand-alone net profit, as high borrowing costs curtailed demand for vehicles.
Its profit during the quarter dipped to Rs 499 crore from Rs 513 crore in the year ago period. Other factors that pulled down the vehicle maker’s profits included high input costs and increased competition. The decline in profit was despite a 5.2 per cent rise in the revenues.
The revenues were Rs 7,251.83 crore as against Rs 6,895.75 crore in the corresponding period last year. The domestic sales volume for the quarter was 1,31,852 units, a one per cent increase from the year-ago period. The export volumes rose to 12, 756 vehicles compared to 11,610 vehicles in the year ago period, a rise of 10 per cent. More
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