Tata Motors fell 5.35% to Rs 558 at 9:19 IST on BSE after consolidated net profit fell 25.48% to Rs 3580.72 crore on 9.66% increase in total income to Rs 70195.23 crore in Q3 December 2014 over Q3 December 2013.
The result was announced after market hours yesterday, 5 February 2015.
Meanwhile, the BSE Sensex was up 27.44 points, or 0.10%, to 28,878.41.
On BSE, so far 1.61 lakh shares were traded in the counter, compared with an average volume of 4.40 lakh shares in the past one quarter.
The stock hit a high of Rs 580 and a low of Rs 557.60 so far during the day. The stock hit a record high of Rs 612.05 on 3 February 2015. The stock hit a 52-week low of Rs 349.20 on 6 February 2014.
The stock had outperformed the market over the past one month till 4 February 2015, rising 15.66% compared with 3.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.43% as against Sensex's 3.67% rise.
More From This Section
The large-cap automobile manufacturer has an equity capital of Rs 547.34 crore. Face value per share is Rs 2.
Tata Motors said that its topline in Q3 December 2014 grew despite continuing weak operating environment in the standalone business which was more than offset by, increase in wholesale volumes, richer product mix and market mix at Jaguar Land Rover (JLR).
Tata Motors' British luxury car unit JLR's net profit declined 4.2% to GBP 593 million on 10.3% growth in revenues to GBP 5879 million in Q3 December 2014 over Q3 December 2013. Operating profit (EBITDA) rose 7.8% to GBP 1096 million in Q3 December 2014 over Q3 December 2013. Continued strong revenue and operating performance were driven by wholesale volume increase, richer product mix supported by the ongoing success of Range Rover Sport, Range Rover and Jaguar F-TYPE and rich market mix, Tata Motors said.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 2,32,834 crore ($38.9 billion) in 2014-14. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
Powered by Capital Market - Live News