30 October, 2006
Consolidated revenue growth of 42% @ Rs.7702.66 crores for the 2nd quarter Consolidated profit of Rs.536.44 crores, up by 36%
Tata Motors today reported consolidated revenue (net of excise) at Rs.7702.66 crores recorded an increase of 42% as against Rs.5428.88 crores in the corresponding period of the previous year. The consolidated PAT for the current year quarter is Rs.536.44 crores as compared to Rs. 393.31 crores for the previous year period, an increase of 36%.
The Company’s revenue on a stand alone basis (net of excise) was Rs.6571.79 crores for the quarter ended September 30, 2006, an increase of 37%, compared to Rs.4788.18 crores in the corresponding period of 2005-06. Profit Before Tax was Rs.586.39 crores, an increase of 29% over Rs.454 crores in the previous year period while the net profit was Rs.441.72 crores, an increase of 31% over Rs. 337.87 crores for the corresponding period.
The total sales volume on a stand alone basis for the quarter was 139,704 units as compared to 107,066 units during the previous year period, an increase of 30%.
During the quarter, the Company continued to witness increases in input costs, interest rates and general inflationary pressures which are expected to continue during the rest of the year.
Consolidated revenue in the first half (net of excise) at Rs.14473.60 crores recorded an increase of 46% as against Rs.9906.90 crores in the previous year period. The consolidated PAT at Rs.918.11 crores compared to Rs.654.82 crores, recorded a growth of 40%.
The Company’s revenue on a stand alone basis (net of excise) was Rs.12355.20 crores in the first half of 2006-07, an increase of 42% against revenue of Rs.8681.18 crores, recorded for the corresponding period of the previous year. Profit Before Tax was Rs.1084.64 crores, as against Rs.814 crores for the previous year period, an increase of 33%. The net Profit for the first half of the current year was Rs.823.57 crores as against Rs.610.54 crores for the corresponding period, an increase of 35%.
Sales volume, on a stand alone basis, in the first half at 266,098 units grew by 37% against 194,558 units in the previous year period. The Company exported 27,224 vehicles during this period as against 23,067 vehicles during the previous year period, a growth of 18%.
During the first half, the Company launched a new range of Tata Safari, a face-lifted Indigo Sedan and Indigo Marina range of vehicles which have met with an enthusiastic response. Tata Ace, the new mini-truck continues to post strong growth with its gradual extension across the country as well as with its launch in Sri Lanka.
During this period the Company improved its market share position across all its product range. The market share in the commercial vehicle segment increased to 65.2% as compared to 58.0% in the previous year, and in the passenger vehicle segment, the Company’s market share increased to 16.3% as compared to 15.8% in the previous year.
The audited financial results for the quarter and half year, ended September 30, 2006, are enclosed.