Tata Motors rose 2.32% at Rs 182.80 at 11:30 IST on BSE after the company announced its Q2 September 2018 result after market hours yesterday, 31 October 2018.
Meanwhile, the S&P BSE Sensex was down 71.43 points, or 0.21% to 34,370.62On the BSE, 19.85 lakh shares were traded in the counter so far compared with average daily volumes of 15.99 lakh shares in the past two weeks. The stock had hit a high of Rs 186.05 and hit a low of Rs 178.50 so far during the day. The stock hit a 52-week high of Rs 466.95 on 6 November 2017. The stock hit a 52-week low of Rs 164.55 on 25 October 2018.
Tata Motors reported consolidated net loss of Rs 1009.49 crore in Q2 September 2018 as compared with net profit of Rs 2501.67 crore in Q2 September 2017. Total income rose 2.61% to Rs 72729.30 crore in Q2 September 2018 over Q2 September 2017.
Jaguar Land Rover (JLR) revenues for the quarter were 5.6 billion, 10.9% lower year-on-year primarily reflecting lower wholesales. The lower wholesales combined with higher depreciation and amortization led to a pre-tax loss for the quarter of 90 million. Earnings before interest, tax and depreciation (EBITDA) were 511 million (9.1% margin).
N Chandrasekaran, Chairman commented that Tata Motors has improved market shares whilst delivering robust improvement in profitability in both the commercial vehicles and passenger vehicles and generated positive free cash flows. In JLR, market conditions, particularly in China, have deteriorated further.
Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles.
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