Tata Group revenue tops $100 billion

Profit slips to near $5 billion

Salt-to-software conglomerate Tata has become the country’s first business house to attain $100 billion revenue, even as the group’s profit slipped to near $5 billion in the last fiscal year.

The total revenue of the Tata Group, which has over 100 companies including 31 listed entities, rose by about 20 per cent in the last fiscal 2011-12 to $100.09 billion, from $83.3 billion in the previous year.

The last fiscal also saw the group’s total headcount rise by nearly 32,000 persons to nearly 4.56 lakh.

At the same time, the group’s profit after tax slipped by 9.4 per cent to $5.23 billion during the year, as per the latest financial details available with the group. In rupee terms, the fall in profit was lower at 4.5 per cent, while revenue growth was higher at 25.3 per cent. The group’s total revenue rose to Rs 4,75,721 crore, while profit after tax fell to Rs 25,112 crore in 2011-12. The total assets rose by 27.5 per cent to Rs 3,73,026 crore.

The group’s international revenue at $58.5 billion accounted for more than half of the total worldwide turnover and rose by 21 per cent from the year-ago levels.

The international operations and overseas acquisitions have played a significant role in the group’s revenue growth in recent years. The group turnover had crossed Rs 1 lakh crore mark in 2006-07, while it stood at little below Rs 50,000 crore level in 2001-02.

Tatas also recorded net forex earnings of $1.6 billion, up by over 51 per cent from $1.05 billion in 2010-11.  Among its key businesses, the group is present in information technology, steel, automobile, power, hospitality, telecom, chemicals, consumer goods, retail, engineering and chemicals sectors.

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