Tata Motors' consolidated Q2 net rises 10.5 per cent to Rs2,075 crore

Tata Motors has reported a 10.5 per cent year-on-year increase in its net (after tax and post minority interest and profit in respect of associate companies) profit for fiscal second quarter ended 30 September 2012 of Rs2,075 crore against a net profit of Rs1,877 crore during the corresponding quarter of the previous year.

Consolidated revenues (net of excise) for the quarter ended 30 September 2012 stood at Rs43,403 crore - a growth of 19.9 per cent over Rs36,198 crore for the corresponding quarter of the previous year.

Tata Motors attributed the gains to strong demand, growth in volumes and favourable market mix at Jaguar Land Rover (JLR).

The group reported consolidated profit before exceptional item and tax of Rs3,099 crore, posting a growth of 14.4 per cent over Rs2,709 crore during the corresponding quarter of the previous year. Consolidated profit before tax for the quarter stood at Rs3,089 crore, a growth of 36.1 per cent over Rs2,270 crore in the corresponding quarter of the previous year.

Consolidated revenue (net of excise) for the half year ended 30 September 2012 rose 24.8 per cent to Rs86,726 crore compared to Rs69,486 crore during the corresponding period last year. Consolidated profit before tax for the fiscal first half ended 30 September 2012 stood at Rs6,271 crore, compared to Rs4,616 crore during the corresponding period last year.

Consolidated profit (after tax and post minority interest and profit in respect of associate companies) for the half-year ended 30 September 2012 grew 11.4 per cent to Rs4,320 crore from around Rs3,877 crore during the corresponding period last year.