Tata Motors Q2 cons net profit at Rs 21.8 cr

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Tata Motors has decalred its second quarter results. The company's Q2 consolidated net profit was up at Rs 21.8 crore.

Its consolidated net sales were at Rs 20,889.44 crore.

JLR has reported EBIDTA of £41 million (Rs 325 crore)

Tata Motors says its consolidated debt-equity ratio stands at 4:1 as of October. "Our consolidated debt stands at Rs 22,000 crore as of October," the management stated. Consolidated operating margin in the second quarter stood at 7.5%. The company says it has a market share of 28%.

According to the management, borrowed funds would support investments and product development.