Tata Motors surges 3% on good Q4 numbers

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 Tata Motors surges 3% on good Q4 numbers
Tata Motors: Quotes, News
BSE 442.80BSE Quote3.2 (0.72%)
NSE 442.75NSE Quote3.45 (0.78%)
Shares in Tata Motors rallied more then 3 per cent, following a good set of numbers posted by the company. The stock was last trade at Rs 314 on the Bombay Stock Exchange, up 3.4 per cent.

Tata Motors reported consolidated revenues (net of excise) of Rs.56,002 crores for the quarter ended March 31, 2013, a growth of 10.0% over Rs.50,908 crores for the corresponding quarter of the previous year, despite a weak operating environment in the standalone business which was more than offset by strong demand, growth in volumes, favourable market mix and favourable operating foreign exchange at Jaguar Land Rover (JLR).

The consolidated profit before tax for the quarter was Rs.4,694 crores, as compared to Rs.4,424 crores for the corresponding quarter of the previous year and the Consolidated Profit (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs.3,945 crores as compared to Rs.6,234 crores for the corresponding quarter of the previous year.

The Consolidated revenue (net of excise) for FY 2012-13, was Rs.1,88,818 crores, posting a growth of 14.0% over Rs.1,65,654 crores for the corresponding period last year. The Consolidated Profit Before Tax for the year was Rs.13,633 crores, compared to Rs.13,534 crores for the corresponding period last year. The Consolidated Profit for the year (after tax and post minority interest and profit in respect of associate companies) was Rs.9,893 crores, compared to Rs.13,517 crores in the corresponding period last year.

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Story first published: Thursday, May 30, 2013, 10:13 [IST]
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