Tata Motors Finance Solutions standalone net profit rises 95.77% in the March 2022 quarter

Sales rise 19.21% to Rs 276.33 crore

Net profit of Tata Motors Finance Solutions rose 95.77% to Rs 124.57 crore in the quarter ended March 2022 as against Rs 63.63 crore during the previous quarter ended March 2021. Sales rose 19.21% to Rs 276.33 crore in the quarter ended March 2022 as against Rs 231.80 crore during the previous quarter ended March 2021.

For the full year,net profit declined 1.02% to Rs 191.94 crore in the year ended March 2022 as against Rs 193.91 crore during the previous year ended March 2021. Sales rose 26.52% to Rs 1040.78 crore in the year ended March 2022 as against Rs 822.64 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales276.33231.80 19 1040.78822.64 27 OPM %106.6470.44 -70.2873.05 - PBDT163.0650.14 225 240.18181.69 32 PBT162.7349.76 227 238.79180.05 33 NP124.5763.63 96 191.94193.91 -1

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