Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 August, 2017 01:13 IST
Tata Motors quarterly profit jumps 41.5% to Rs 32 bn
Source: IRIS | 09 Aug, 2017, 04.22PM
Comments  |  Post Comment

Tata Motors announced a substantial rise in consolidated net profit for the quarter ended June 2017. During the quarter, the profit of the company rose 41.56% to Rs 31,999.30 million from Rs 22,604 million in the same quarter last year.

 

Revenues for the quarter declined 9.60% to Rs 599,723.30 million, compared with Rs 663,394.80 million for the prior year period.

 

 

Earnings per share for the quarter stood at Rs 9.45, registering 41.68% growth over previous year period.

 

Guenter Butschek, MD & CEO Tata Motors, (Q,N,C,F)* said, ''While the first quarter results have not met our expectations, we are working with renewed focus and energy to improve performance of our Commercial and Passenger Vehicle businesses. Our focus on topline, market share growth, major cost reduction initiatives and efficiency improvements have been significantly enhanced and accelerated in the last few months. Leveraging the expected market recovery, we are confident that these initiatives will help us to present significant improvement of our financials in the coming quarters.''

 

 

 

                                             
Quarterly Results - Consolidated (Rs in mn)
As atJun - 17Jun - 16%Change
Revenues599,723.30663,394.80(9.60)
Net Profit31,999.3022,604.0041.56
Diluted EPS9.456.6741.68

 

Shares of the company declined Rs 13.65, or 3.17%, to settle at Rs 416.75. The total volume of shares traded was 779,946 at the BSE (Wednesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Bank of Baroda quarterly earnings plunge 52% - 11-Aug-2017 17:24
Bank of Baroda quarterly earnings plunge 52% - 11-Aug-2017 17:24
TVS Motor Company quarterly earnings climb 7% - 11-Aug-2017 16:04
TVS Motor Company quarterly earnings climb 7% - 11-Aug-2017 16:04
SBI Q1 profit falls 20.4% to Rs 20.05 bn; Asset quality deteriorates - 11-Aug-2017 14:16
SBI Q1 profit falls 20.4% to Rs 20.05 bn; Asset quality deteriorates - 11-Aug-2017 14:16
Tata Motors quarterly profit jumps 41.5% to Rs 32 bn - 09-Aug-2017 16:22
Tata Motors quarterly profit jumps 41.5% to Rs 32 bn - 09-Aug-2017 16:22
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer