Tata Motors Q1 net flat at Rs 2,000 cr

Automobile major Tata Motors reported an almost flat consolidated net profit of Rs 2,000 crore for the quarter ended June 30, 2011. It posted Rs 1,988 crore for the corresponding period a year ago.

During the review period, consolidated net sales increased 24% at Rs 33,392 crore for the first quarter ended June 30, 2011, as against Rs 26,876 crore in the same period of the previous fiscal.

Jaguar Land Rover sales jumped 28.4% to Rs 19,776 crore from Rs 15,396 crore y-o-y.

The company shares were slightly up at Rs 844 on Bombay Stock Exchange at the time of closing.