News & Analysis » India
Tata Motors Q2 FY12 Results: Net profit declines by 15.50%
November 23, 2011, Wednesday, 11:00 GMT | 06:00 EST | 15:30 IST | 18:00 SGT
Indias largest commercial vehicle manufacture Tata Motors has come out with its second quarter results and reported a consolidated net profit of Rs 1,877.33 crore in Q2 FY12 ( ended September 2011). This is a decline of 15.50% in comparison to corresponding quarter of last fiscal FY11. The Company has faced a fall in car sales and higher raw material costs during this quarter.
The total income in Q2 FY12 ( ended September 2011), however, increased by 26.92% to Rs 36,197.54 crore from Rs 28,519.22 crore in the year-ago period.
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