Tata Motors PAT up 40.04% at Rs 381 cr

BS 200 SCORECARD

Tata Motors has posted profit after tax of Rs 381.85 crore for the quarter ended June 30, 2006, up 40.04 per cent compared with Rs 272.67 crore in the corresponding quarter of the previous financial year.

The company's net sales was up 48 per cent to Rs 5,783.41 crore from Rs 3,907.50 crore a year ago.

The operating profit of the company was at Rs 636.64 crore, up 30.79 per cent compared with Rs 486.74 crore in the same quarter previous year.

However, the operating margins declined to 11.01 per cent compared with the previous corresponding period's 12.46 per cent. This is mainly on account of high raw material and input costs for the current quarter compared with the year ago quarter.

During the current quarter, the company sold 1,26,394 vehicles, a growth of 44 per cent compared with the previous corresponding period.

Tata Motors sold 63,082 commercial vehicles for the quarter, a growth of 69 per cent over the previous year. The passenger vehicle sales grew by 22 per cent to 50,151 units. The company's exports grew by 45 per cent to 13,000 units. During the quarter, the company's market share in the bus segment grew to 58.3 per cent compared with 32.7 per cent in the previous corresponding quarter.

The market share in trucks grew to 64.6 per cent from 60.4 per cent. The passenger vehicles marker share grew to a nominal 20 per cent from the previous 19.6 per cent.

The international business contributed to 16 per cent of the total consolidated revenue for the company.