Results for Quarter Ending 31st December 2005
February 9, 2006
Tata Motors Revenue increases by 16.31%, PAT up by 45.55% in Quarter III
Tata Motors today reported revenues (net of excise) of Rs. 5,074.55 crores for the quarter ended December 31, 2005, an increase of 16.31%, compared to Rs. 4,362.82 crores in the corresponding period of the previous year. Profit Before Tax is Rs. 591.77 crores, an increase of 29.68% over Rs. 456.32 crores, while Net Profit has increased by 45.55% to Rs. 460.23 crores compared to Rs. 316.21 crores for the previous year’s quarter.
Profit Before Tax for the current quarter includes a gain of Rs. 164.30 crores on sale of shares of Telco Construction Equipment Company Limited, a subsidiary of the Company. Further, the profit is net of foreign exchange loss of Rs. 38.63 crores for the quarter ended December 31, 2005 as against a gain of Rs. 62.08 crores for the quarter ended December 31, 2004.
The sales volume for the quarter at 1,11,228 units, grew by 12.74% over 98,662 units in the corresponding period last year. The company exported 11,782 vehicles during the quarter, resulting a growth of 35.33% over 8,706 units of the previous year’s period.
Nine months ended December 31, 2005
The company’s revenues (net of excise) for the nine months ended December 31, 2005, is Rs. 13,719.45 crores, an increase of 13.57%, over Rs. 12,080.26 crores in the corresponding period of the previous year. Profit Before Tax is Rs. 1,405.77 crores, an increase of 18.47% over Rs. 1,186.62 crores, while Net Profit has increased by 26.15% to Rs. 1,070.77 crores compared to Rs. 848.78 crores for the previous period.
The company’s sales volume for the nine months at 3,05,786 units grew by 9.54% over 2,79,156 units in the corresponding period last year. During the nine months, the company has introduced several new commercial vehicles and passenger cars. Among them are the Ace mini-truck, Tata Novus Tipper, a common rail engine (DiCOR) powered Safari, Indigo SX, Indica V2 Turbo Diesel and the Tata TL 4×4. All these products have received encouraging response in the market.
The company exported 34,849 vehicles during the nine months, a growth of 80.57% over 19,299 units for the previous period.
The Audited Financial Results for the quarter and the nine months ended December 31, 2005, are enclosed.
Audited Financial Results for The Quarter/Nine Months Ended December 31, 2005
