Tata Motors falls despite reporting good numbers

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Tata Motors falls despite reporting good numbers
Tata Motors: Quotes, News
BSE 433.05BSE Quote15.1 (3.49%)
NSE 432.90NSE Quote15.3 (3.53%)
Shares in Tata Motors fell despite the company reporting a good set of numbers for the quarter ending Sept 30, 2013.

The stock was last trading at Rs 378 on the Bombay Stock Exchange, a drop of 1.61% over its previous close.

Tata Motors reported revenues and profits that were way ahead of expectations, once again led by a stellar performance from its Jaguar Land Rover (JLR) unit. Consolidated revenues (net of excise) came in at Rs.56,882 crores for the quarter ended September 30, 2013, a growth of a whopping 31.1% over Rs.43,403 crores for the corresponding quarter of the previous year,

Once again Jaguar land Rover showed an outstanding performance. Jaguar Land Rover wholesale and retail volumes for the quarter ended September 30, 2013 grew by 31.6% and 21.1%, respectively, over the corresponding period last year and stood at 101,931 units and 102,644 units, respectively.

Following strong response to its new products and powertrain options, Jaguar wholesale and retail volumes grew by 91.6% and 56.5% to 18,834 units and 20,024 units, respectively, as against 9,832 units and 12,798 units, respectively, in the corresponding quarter last year. Strong response to the All-New Range Rover and continued strong growth in Evoque and other products, Land Rover wholesale and retail volumes stood at 83,097 units and 82,620 units (growth of 22.9% and 14.8% over corresponding quarter last year).

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Read more about: tata motors, bse, jaguar land rover
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