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Tata Motors reports marginal rise in its Q1 net profit

11 Aug 2011 Evaluate

Tata Motors, automobile major s reported unaudited results for the first quarter ended June 30, 2011.

The company posted a marginal 1.4% growth in its standalone net profit at Rs 401.26 crore for the quarter ended June 30, 2011 against Rs 395.72 crore for the same quarter last year. Net sales in the same period rose 14% to Rs 11833.19 crore against Rs 10351.87 crore for the last quarter last year.

The company reported 0.55% increase in its consolidated net profit at Rs 1999.82 crore for the quarter ended June 30, 2011 against Rs 1988.73 crore for the corresponding period a year ago. The company witnessed a 24.24% growth in consolidated net sales at Rs 33391.78 crore as against Rs 26876.08 crore a year ago.

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