Tata Motors posts net Revenue growth of 22% in Q3 FY 2010-11

Tata Motors posted a growth of 22.0% for the quarter ended December 31, 2010. The consolidate revenue generated for the quarter December 31, 2010 was Rs 31,685 crores which is slightly high in comparison to Rs 25,974 in the corresponding quarter of the last year. The Operating Profit (EBITDA) was Rs.4,822 crores in the quarter against Rs.3,057 crores in the corresponding quarter last year.

The EBITDA margin was reported to be 15.2% in the current quarter which was 11.8 % in the corresponding quarter in the previous year. The Consolidated Profit before Tax (PBT) for the quarter was Rs.2,728 crores compared to a PBT of Rs.889 crores for the corresponding quarter last year.

There was a significant rise in the consolidated profit for the period (post minority interest and profit in respect of associate companies) for the quarter from 650 crores in the corresponding year to 2,424 crores.

The consolidated revenue (net of excise) for the nine months ended December 31, 2010 was Rs.87,523 crores leading to a growth of 37.8% over Rs.63,536 crores in the corresponding period last year. The Consolidated Profit (post minority interest and profit in respect of associate companies) for the period was Rs.6,636 crores as compared to Rs.343 crores in the corresponding period last year.

The Jaguar Land Rover business continued to make profit, with considerable hike in the volumes in Q3 FY 2010-11, reporting a Profit after Tax of GBP 275 million (Rs.1,958 crores). Wholesale as well as retail volumes showed improvements as compared to the corresponding quarter last year.

On the other hand Tata Daewoo Commercial Vehicles Co. Ltd. witnessed a loss of Rs.4.4 crores in Q3 FY 2010–11 due to lower volumes and cost pressures.

Tata Motors accrued revenue for the quarter ended December 31, 2010 was Rs.12,504 crores (quarter ended December 31, 2009: Rs.9,622 crores).

Revenue (net of excise) of Rs.11,520 crores, reflected a growth of 28.4% over Rs.8,974 crores in the corresponding quarter last year. The Operating Profit (EBITDA) was Rs.1,196 crores in the quarter against Rs.1,152 crores in the corresponding quarter last year. The EBITDA margin at 10.4% in the current quarter reported a marginal increase over previous quarter. The cost pressures on account of commodity prices are still the same. The PBT for the quarter is Rs.531 crores (quarter ended December 31, 2009: Rs.555 crores). The PAT for the quarter is Rs.410 crores (quarter ended December 31, 2009: Rs.400 crores).

The standalone revenue (net of excise) for the nine months ended December 31, 2010 was Rs.33,440 crores representing a growth of 43.2% over Rs.23,356 crores in the corresponding period last year. The Profit for the period was Rs.1,238 crores.

Talking about the domestic market, the company's commercial vehicles sales for the current quarter, raised by 21.5% year-on-year to 113,622 units. The company witnessed a shoot up in the market share in commercial vehicles to 64.1% for the current quarter backed by growth in market share in both MHCVs and LCVs.

Fiat ,Jaguar and Land Rover the passenger vehicles distributed in India, for the current quarter posted a growth of 4.7% year-on-year in the domestic market to 64,501 units. The market share in passenger vehicles stood at 12.7% for the nine months ending December, 2010. open sales of Nano, which started in August 2010 was extended to 12 states during the quarter.

Read More on : Tata Venture