Tata Motors' Q3 net vaults over 272 per cent to Rs2,424 crore

Tata Motors today reported a 273-per cent increase in its consolidated net profit for the quarter ended 31 December 2010, at Rs2,424 crore, from Rs650 crore in the corresponding quarter of the previous financial year.

Buoyed by strong growth in all major markets, consolidated revenue (net of excise) of the company for the quarter ended 31 December 2010 rose 22 per cent year-on-year to Rs31,685 crore from Rs25,974 crore in the corresponding quarter of the previous year.

Tata Motors said its share of the commercial vehicles market increased to 64.1 per cent during the quarter, with significant growth in sales of both MHCVs and LCVs.

Operating profit, or earnings before interest, tax, depreciation and amortisation (EBITDA), stood at Rs4,822 crore during the quarter against Rs3,057 crore in the corresponding quarter of the previous fiscal.

EBITDA margin stood at 15.2 per cent in the October-December 2010 quarter against 11.8 per cent in the corresponding quarter of the previous year.

Consolidated profit before tax (PBT) for the quarter stood at Rs2,728 crore against a PBT of Rs889 crore in the corresponding quarter of the previous year.