Tata Motors Passenger Vehicles Ltd.

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Large Cap | Automobiles - Passenger Cars
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Tata Motors reports Q2 consolidated net profit of Rs 848.16 crore

Date: 15-11-2016

Tata Motors has reported results for the second quarter ended September 30, 2016.

The company has reported a net loss of Rs 630.76 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 288.79 crore for the same quarter in the previous year. The company’s total income has decreased by 3.80% to Rs 11552.16 crore for the quarter under review from Rs 12008.85 crore for the corresponding quarter of the previous year.  

On consolidated basis, the company has reported net profit of joint ventures and associates of Rs 848.16 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 1740.20 crore for the same quarter in the previous year. Total income of the company increased by 6.80% at Rs 67179.07 crore for quarter under review as compared to Rs 62903.94 crore for the quarter ended September 30, 2014.