Tata Motors, the country's largest commercial vehicle manufacturer, has reported a consolidated net profit of Rs 1,877.33 crore in the second quarter of FY12, down 15.55 per cent over the corresponding quarter of last financial year due to fall in car sales and higher raw material costs.
The company also suffered a forex loss of Rs 439 crore in the September quarter compared to a gain of Rs 127 crore in the same period last year. The total income from operations during the quarter, however, increased by 26.92 per cent to Rs 36,197.54 crore from Rs 28,519.22 crore in the year-ago period. On standalone basis, the net profit of Tata Motors declined 76.42 per cent to Rs 102.02 crore in the quarter ended September 2011, as against Rs 432.70 crore during the previous quarter ended September 2010.
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