Tata Motors Q1 profits up 22 per cent | business | Hindustan Times
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Tata Motors Q1 profits up 22 per cent

Standalone revenues rises 5% at Rs 6,056.82 crore in this quarter against Rs 5,749.56 crore in 2006-07.

business Updated: Jul 31, 2007 18:02 IST

Tata Motors, India's biggest automobile firm, on Tuesday reported a 22 per cent jump in net profit during the first quarter this fiscal to Rs 466.76 crore as against Rs 381.85 crore in the same period last fiscal.

Standalone revenues rose five per cent at Rs 6,056.82 crore in the quarter that ended on June 30 against Rs 5,749.56 crore in the corresponding period of 2006-07.

The company said in a statement steep increase in input costs and drop in the volumes of medium and heavy commercial trucks impacted operating margins during the quarter.

Consolidated profit after tax increased 30.27 per cent in April-June this year at Rs 497.22 crore compared to Rs 381.67 crore in the year-ago period.

Consolidated revenues grew by 13 per cent in the quarter ended June 30 at Rs 7,631.28 crore as against Rs 6,733.32 crore in the same period last fiscal, it said.