Tata Motors net up 9%

BS 200 SCORECARD

Tata Motors has posted net profit of Rs 337.87 crore for the quarter ended September 30, 2005, a 9.26 per cent growth compared with Rs 309.21 registered in the same quarter last year.

Net sales the quarter went up by 15.3 per cent to Rs 4,781.31crore from Rs 4,145.35 crore in the year-ago period. Profit before tax (PBT) rose 6.3 per cent to Rs 454 crore from Rs 427.21 crore.

For the first half of the financial year, Tata Motors recorded 14.64 per cent growth in net profit to Rs 610.54 crore compared with Rs 532.57 crore for the half year last year. Net sales rose by 12 per cent during the quarter to Rs 8,644.90 crore from Rs 7,717.44 crore.

However, the results for the financial year are not comparable with the last year as they include the operations of Tata Finance (TFL), Telco Dadajee Dhackjee Ltd (TDDL) and Suryodaya Capital and Finance (Bombay) Ltd (SCFL).

"The comparative figures for the quarter/half year ended September 30, 2004, do not include the results of the operations of TFL, TDDL and SCFL, and as such, the financial results for the quarter/half year ended September 30, 2005, are not comparable to this his extent," said Praveen Kadle, executive director, finance and corporate affairs.