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Tata Motors Fiscal 2017 Second Quarter Results

15 November, 2016

  • Consolidated Financial Results for the Quarter and Half Year ended September 30, 2016 - As per Ind AS

For the quarter ended September 30, 2016, Tata Motors reported consolidated revenues of INR67,000 crores as against INR62,647 crores for the corresponding quarter last year. This broadly reflects:

  • In Jaguar Land Rover business-Strong sales in all the regions- UK, Europe, North America, China and other Overseas markets; and
  • In Standalone business-Demand pause in M&HCV partially offset by continued growth in the domestic LCV segment, Car segment and Exports.

Consolidated Profit before tax (before exceptional item) for the quarter was INR983 crores, against INR1,191 crores for the corresponding quarter last year broadly due to Higher volumes and favourable operating exchange, in Jaguar Land Rover business more than offset by the realized hedging losses of INR3,510 crores, and adverse commodity derivatives impact of INR187 crores.

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