Tata Motors posts Rs 2,571 cr PAT

Jump in small car sales add to profit

Tata Motors posts Rs 2,571 cr PAT

Briefing reporters, Tata Motors’ Chief Financial Officer C Ramakrishnan said the company posted a consolidated total income of Rs 92,519.25 crore during the fiscal against a consolidated total income of Rs 70,880.95 crore in 2008-09.  

Even though Tata Motors has not divulged the March-quarter figures, the company, on March 30, 2010 has divested its controlling stake (of 20 per cent) in Telco Construction Equipment Company which fetched a profit of Rs 1,057.92 crore, which is included in other income.  It also clarified that consolidated financial results of two fiscals not comparable as the acquisition of UK luxury marquees Jaguar and Land Rover (JLR) took place in June 2008.

Further, Tata Motors reported a basic Earnings Per Share (EPS) of Rs 48.64 for its consolidated operations in 2009-10 as against loss per share of Rs 56.88 in 2008-09. 
Ramakrishnan said “volume recovery led by introduction of new products and robust continued growth in existing portfolio, focus on cost efficiencies and price increase helped the company to grow realisations.”

He said fiscal 2010 witnessed strong volume growth in both Tata Motors and its British subsidiary Jaguar Land Rover (JLR). The  company reported total sales of 6,67,971 units in 2009-10 as against 5,06,421 units sold in 2008-09.  

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