Tata Motors’ consolidated Q1 net surges 3 fold

Tata Motors has reported results for first quarter ended June 30, 2014.

The company’s net profit for the quarter has declined 44.02% at Rs 393.65 crore as compared to Rs 703.26 crore for the quarter ended June 30, 2013. Its total income has decreased by 13.27% to Rs 9301.95 crore for the quarter under review from Rs 10725.05 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over 3 fold jump in its net profit after taxes & Minority interest at Rs 5398.21 crore for the quarter as compared to Rs 1726.07 crore for the same quarter in the previous year. Total income has increased by 38.14% at Rs 64896.03 crore for quarter under review as compared to Rs 46979.50 crore for the quarter ended June 30, 2013.