Tata Motors, the country's largest automobile manufacturer, has announced its consolidated revenues for the quarter finished on September 30, 2012, with a strong 19.9 per cent growth at Rs. 43,403 crore as against Rs. 36,198 crore recorded in the same period last year. The Consolidated Profit before exceptional items posted a surge of 14.4 per cent at Rs. 3,099 crore in Q2 2012-13 fiscal, as compared to Rs. 2,709 crore in the same period last year.
Reportedly, Tata Motors witnessed a growth of 5.8 per cent in sales (excluding exports) registered in Commercial Vehicle (CV) and passenger vehicle sectors at 2,23,655 units in Q2 of 2012-13 fiscal as compared to the same quarter of last fiscal. Further, the revenues (net of excise) during second quarter of 2012-13 financial year stood at Rs. 12,481 crore, as compared to Rs. 12,954 crore reported in same period last year. The operating margin dropped to 5.9 per cent by the end of Q2 2012-13 fiscal, from 7.2 per cent registered last year. Accordingly, Profit after Tax and Profit before Tax stood at Rs. 867 crore and Rs. 1,024 crore, respectively during the quarter ended on September 30, 2012. Last year the company managed the same at Rs. 102 crore and Rs. 37 crore in the corresponding quarter last fiscal.
Reportedly, the Profit Before Tax for the Q2 2012-13 comprised dividend coming from Tata Motors' completely owned subsidiary Jaguar Land Rover and others at Rs. 1,312 crore, as against Rs. 29 crore registered in the same quarter last financial year. The Jaguar Land Rover wholesales grew by 13.9 per cent to 77,442 units during Q2 2012-13 as compared to those recorded in the same period last year. The Jaguar sales amounted to 9,832 units, while Jaguar Land Rover stood at 67,610 units during second quarter of ongoing fiscal. China came up as a main contributor and represented 21.1 percent of the total sales, a surge of 4.8 per cent as compared to last year, due to the stupendous success of range Rover Evoque.
Tata Daewoo Commercial Vehicles Co. Ltd. witnessed net revenues amounting to KRW 205 billion, with a net profit of KRW 1.4 billion during quarter ended on September 30, 2012. Evidently Tata Motors Finance Ltd, a financing subsidiary, reported net revenue from operations amounting to Rs. 652 crore. The subsidiary also reported a Profit After Tax of Rs. 69 crore after the end of second quarter of ongoing fiscal.
