Tata Motors slips after weak Q2 outcome

Tata Motors fell 2.08% to Rs 388 at 9:16 IST on BSE after the company reported consolidated net loss of Rs 429.76 crore for Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014.

The result was announced after market hours on Friday, 6 November 2015.

Meanwhile, the BSE Sensex was down 499.50 points, or 1.90%, to 25,765.74.

On BSE, so far 81,000 shares were traded in the counter, compared with an average volume of 17.85 lakh shares in the past one quarter.

The stock hit a high of Rs 389.60 and a low of Rs 372 so far during the day. The stock hit a record high of Rs 605.32 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015.

The stock had outperformed the market over the past one month till 6 November 2015, rising 18.82% compared with 2.48% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.49% as against Sensex's 7.18% decline.

The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors' total income rose 1.15% to Rs 61563.45 crore in Q2 September 2015 over Q2 September 2014.

As per International Financial Reporting Standards (IFRS), Tata Motors British luxury car unit Jaguar Land Rover (JLR)'s revenue stood at GBP 4,831 million for the quarter ended 30 September 2015 as against GBP 4,808 million for the quarter ended 30 September 2014. Operating profit (EBITDA) stood at GBP 589 million for the quarter ended 30 September 2015 as against GBP 933 million for the quarter ended 30 September 2014. An exceptional charge of GBP 245 million has been recognised for about 5,800 vehicles involved in the Tianjin Port explosion. Post the exceptional charge, loss after tax stood at GBP 92 million for the quarter ended 30 September 2015 as against profit after tax of GBP 450 million for the quarter ended 30 September 2014.

Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.

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