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Revenue
increases by 16.31per cent, PAT up by 45.55 per cent
in quarter III
February 9, 2006
Tata
Motors today reported revenues (net of excise) of Rs
5,074.55 crore for the quarter ended December 31, 2005,
an increase of 16.31 per cent, compared to Rs 4,362.82
crore in the corresponding period of the previous year.
Profit before tax is Rs 591.77 crore, an increase of
29.68 per cent over Rs 456.32 crore, while net profit
has increased by 45.55 per cent to Rs 460.23 crore compared
to Rs 316.21 crore for the previous year quarter.
Profit before tax for the current
quarter includes a gain of Rs164.30 crore on sale of
shares of Telco Construction Equipment Company, a subsidiary
of the company. Further, the profit is net of foreign
exchange loss of Rs 38.63 crore for the quarter ended
December 31, 2005 as against a gain of Rs 62.08 crore
for the quarter ended December 31, 2004.
The sales volume for the quarter
at 1,11,228 units, grew by 12.74 per cent over 98,662
units in the corresponding period last year. The company
exported 11,782 vehicles during the quarter, a growth
of 35.33 per cent over 8,706 units of the previous year
period.
Nine months ended December 31,
2005
The company’s revenues (net of excise) for the
nine months ended December 31, 2005, is Rs 13,719.45
crore, an increase of 13.57 per cent, over Rs12,080.26
crore in the corresponding period of the previous year.
Profit before tax is Rs1,405.77 crore, an increase of
18.47 per cent over Rs1,186.62 crore, while net profit
has increased by 26.15 per cent to Rs1,070.77 crore
compared to Rs 848.78 crore for the previous period.
The company’s sales volume
for the nine months at 3,05,786 units grew by 9.54 per
cent over 2,79,156 units in the corresponding period
last year. During the nine months, the company has introduced
several new commercial vehicles and passenger cars.
Among them are the Ace mini-truck, Tata Novus Tipper,
a common rail engine (DiCOR) powered Safari, Indigo
SX, Indica V2 Turbo Diesel and the Tata TL 4x4. All
these products have received encouraging response in
the market.
The company exported 34,849
vehicles during the nine months, a growth of 80.57 per
cent over 19,299 units for the previous period.
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