Tata Motors Q2 FY11 Results : Net zooms 101 times

by khalid on 09/11/2010 · 0 comments

Tata Motors has posted a tremendous increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, consolidated net profit zoomed by 101 times to Rs 2223.31 crore in comparison to the Rs 22.01 crore of Q2 (ending Sep 09) of previous year(FY10). Tata Motors is India’s largest automobile company, with consolidated revenues of USD 20 billion in 2009-10. It is the leader in commercial vehicles and among the top three in passenger vehicles. Tata Motors has winning products in the compact, midsize car and utility vehicle segment.

The company informed the share market(BSE) that the consolidated revenues increased 36.52 % to Rs 28782.5 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 21088.21 crore.

Share’s Data :-
BSE Code : 500570
Mkt. Cap: Rs 77,643.31 Crores
Tata Motors Ltd. share’s CMP is Rs 1,270.55 on 9nd Nov 2010.

Tata Motors had outperformed the market over the past one month till Nov. 08, 2010, rising 14.76% compared with the Sensex`s 2.97% rise. It outperformed the market in past one quarter, gaining 41.78% as against 14.93% rise in the Sensex.

Source :- BelltheBull

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