Tata Motors Q2 net up 50%

BS 200 SCORECARD

Tata Motors, the country's leading automotive manufacturer, has posted a 50 per cent increase in net profit of Rs 309.21 crore for the quarter ended 30 September 2004 compared with Rs 206.68 crore in the corresponding quarter of last year.

Net sales increased by 31 per cent from Rs 3,177.73 crore in the September quarter of 2003-04 to Rs 4,147.05 crore in the September quarter of 2004-05.

Operating margins continued to be under pressure at 12.5 per cent (13.8 per cent) owing to unprecedented increase in all material costs.

Total expenditure grew to Rs 3,627.09 from Rs 2,738.86 crore during the year-ago quarter. Sales volume for the quarter rose 22 per cent to 95,576 units from 78,125 units in the year-ago quarter.