Tata Motors,  on Tuesday reported a 22 per  cent jump in net profit during the first quarter this fiscal to Rs 466.76 crore as against Rs 381.85 crore in the same period last fiscal.
Standalone revenues rose five per cent at Rs 6,056.82 crore in the quarter ended June 30 against Rs 5,749.56 crore in the corresponding period of 2006-07.
Increase in input costs
The company said in a statement that steep increase in input costs and drop in the volumes of medium and heavy commercial trucks impacted operating margins during the quarter.
Consolidated profit after tax increased 30.27 per cent in April-June this year at Rs 497.22 crore compared to Rs 381.67 crore in the year-ago period. Consolidated revenues grew by 13 per cent in the quarter ended June 30 at Rs 7,631.28 crore as against Rs 6,733.32 crore in the same period last fiscal, it said. The sales volume for the quarter (including exports) at 1,28,095 vehicles grew by 1 per cent over 1,26,394 vehicles in the corresponding period last year.