Tata Motors' net revenue grows by 48 per cent to Rs 5783.41 crore in the 1st quarter, 2006
July 25, 2006

Tata Motors today reported revenues (net of excise) of Rs 5783.41 crore for the quarter ended June 30, 2006, of the financial year 2006-07, an increase of 48 per cent compared to Rs 3907.50 crore in the corresponding period of 2005-06. Profit before tax was Rs 498.25 crore, an increase of 38 per cent over Rs 360 crore, while net profit increased by 40 per cent to Rs 381.85 crore, compared to Rs 272.67 crore in the corresponding period of the previous year.

During the quarter under review, the company witnessed significant increase in all its input costs, interest rates and the general inflammatory pressures, which it expects to continue throughout the year.

The company's consolidated revenues (net of excise) at Rs 6770.94 crore recorded an increase of 51 per cent as against Rs 4493.11 crore in the corresponding period of the previous year. The consolidated PAT at Rs 381.67 crore, as against Rs 261.51 crore in the corresponding period of the previous year recorded a growth of 46 per cent.

The sales volume for the quarter (including exports) at 1,26,394 vehicles grew by 44 per cent over 87,492 vehicles in the corresponding period last year. Domestic sales of commercial vehicles grew by 69 per cent to 63,082 units. Sales volumes in the commercial vehicle segment for the corresponding period in the previous year were significantly impacted due to unanticipated difficulties in vehicle certifications and procurement of some critical components. Domestic sales of passenger vehicles at 50,151 units posted a growth of 22 per cent.

The company exported 13,161 vehicles, achieving a growth of 45 per cent over 9,073 units in the corresponding period of the previous year.

In commercial vehicles, Tata Motors has doubled the capacity of its small commercial vehicle, the Tata Ace, to 60,000. The Ace continues to post strong growth. It is being gradually extended across the country, and has also been launched in Sri Lanka. During the quarter, the company has also launched a new range of its premium SUV, the Tata Safari. It has generated an enthusiastic response.

The audited financial results for the quarter ended June 30, 2006, are enclosed.