Tata Motors, which is India’s top vehicle maker, has posted a net profit for the September fiscal second quarter. Tata Motors had placed its UK Jaguar Land Rover unit booked an operating profit. The company had a consolidated net profit of INR217.8m (US$4.7m) compared with a consolidated net loss of INR9.42bn a year ago.

Furthermore, the company reported a net loss from ordinary activities of INR21.5m. In a statement, Tata said that consolidated operating profit was INR15.2bn, an improvement of 106 basis points compared with the corresponding quarter of last year. Continued after the jump!

The consolidated performance was aided by a strong revival of the Indian operations, which reported operating profit of INR 10.7bn for the second quarter of 2009-10, coupled with operating profit at the Jaguar Land Rover business.

Jaguar Land Rover booked operating profit of GBP41.29m (INR 3.25bn), supported by a 23% growth of wholesale volumes over the previous quarter and aggressive cost reduction efforts.

According further to the statement, some key markets had shown signs of recovery. The new products launched by the business in the current year continue to receive strong market reception.

[via just-auto]

Tags: car news, Tata, tata motors, tata motors q2 profit, tata second quarter operating profit

This entry was posted on Saturday, November 28th, 2009 at 7:50 pm and is filed under 2009, 4wheels News, Asia, Automakers, Tata, Year, Zone. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.