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Tata Motors Q3 net profit at Rs 400 cr
India's largest commercial vehicle maker, Tata Motors has announced its third quarter results of FY10. It has reported net profit of Rs 400 crore as against loss of Rs 263 crore in the same quarter of FY09.
India's largest commercial vehicle maker, Tata Motors has announced its third quarter results of FY10. It has reported net profit of Rs 400 crore as against loss of Rs 263 crore in the same quarter of FY09.
Net sales jumped 90.5% to Rs 8,980 crore from Rs 4,714 crore, YoY. Operating margin stood at 12.8%.
In a press conference, Tata Motors said introduction of new products and government stimulus package helped in revival of growth.
Commercial vehicle sales rose by 88.8% in domestic markets. The company said would invest in new product launches in coming quarters.
Volume Growth YoY
Total volume at 1.65 lakh vs 98760 units
LCV's up 75% due to strong performance on ACE
PV saw higher performance due to FIAT, and JLR pdt distribution up 46%
Launch of new Indigo Manza helped sales of Indigo family grow by 63.5% YoY
