India’s largest commercial vehicle manufacture Tata Motors has come out with its second quarter results and reported a consolidated net profit of Rs 1,877.33 crore in Q2 FY12 ( ended September 2011). This is a decline of 15.50% in comparison to corresponding quarter of last fiscal FY11. The Company has faced a fall in car sales and higher raw material costs during this quarter.
The total income in Q2 FY12 ( ended September 2011), however, increased by 26.92% to Rs 36,197.54 crore from Rs 28,519.22 crore in the year-ago period.
Share’s Data :
BSE Code : 500570
Mkt. Cap: Rs 54,051.52 Crores
Tata Motors Ltd share’s CMP is Rs 170.30 on 18th November 2011.
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