OREANDA-NEWS. August 11, 2011. The Tata Motors group today reported consolidated revenues (net of excise) of Rs33,572 crore for the quarter ended June 30, 2011, posting a growth of 24.1 per cent over Rs27,056 crore in the corresponding quarter of the previous year, on the back of growth in volumes, improved product and market mix. The consolidated profit before tax (PBT) for the quarter was Rs2,346 crore, compared to Rs2,275 crore for the corresponding quarter of the previous year. The consolidated profit (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs2,000 crore, as compared to Rs1,989 crore in the corresponding quarter of the previous year.

Tata Motors stand-alone results for the quarter ended June 30, 2011

Tata Motors' sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2011, stood at 197,606 units, representing a growth of 3.8 per cent as compared to the corresponding quarter of the previous year.

In the domestic market, the company's commercial vehicles sales increased by 13 per cent, as compared to the corresponding quarter of the previous year to 113,186 units. The company's market share in commercial vehicles was 60.1 per cent. Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, declined by 10.7 per cent in the domestic market, as compared to the corresponding quarter of the previous year to 69,529 units. The market share in passenger vehicles stood at 11.9 per cent.

Tata Motors' gross revenue for the quarter ended June 30, 2011, was Rs12,925 crore, posting a growth of 14.4 per cent over Rs11,297 crore in the corresponding quarter of the previous year.

Revenues (net of excise) of Rs11,898 crore represented a growth of 14.2 per cent over Rs10,416 crore in the corresponding quarter of the previous year. Cost pressures, including commodity price increase, resulted in a reduction in the operating margins to 8.4 per cent, and an operating profit (Ebitda) of Rs999 crore in the quarter, declining by 15 per cent over Rs1,175 crore in the corresponding quarter of the previous year. The PBT for the quarter is Rs466 crore as compared to Rs538 crore in the corresponding quarter of the previous year. The PAT for the quarter is Rs401 crore as compared to Rs396 crore in the corresponding quarter of the previous year.

Jaguar Land Rover

Jaguar Land Rover sales for the quarter ended June 30, 2011, stood at 62,090 units, representing a growth of 4.9 per cent as compared to the corresponding quarter of the previous year on the back of better product and market mix with strong growth in China and Russia.

Revenues of ?2,712 million represented a growth of 19.9 per cent over ?2,262 million in the corresponding quarter of the previous year. Cost pressures and impact of exchange rates resulted in a marginal reduction in the operating margins to 15.1 per cent and an operating profit (Ebitda) of ?408 million in the quarter, a growth of 16.9 per cent over ?349 million in the corresponding quarter of the previous year. The PBT for the quarter is ?248 million as compared to ?239 million in the corresponding quarter of the previous year. The PAT for the quarter is ?219 million as compared to ?226 million in the corresponding quarter of the previous year.

In May 2011, JLR successfully completed issue of 7-year and 10-year bonds aggregating ?1 billion, part of which has been used for refinancing of existing loans and general corporate purposes. A new vehicle assembly plant was inaugurated in Pune, India, in May 2011. The facility at present is assembling Land Rover’s Freelander 2 vehicles supplied in complete knock down (CKD) form, from the Halewood manufacturing plant in Liverpool.

Jaguar has announced the new 2.2-litre diesel engine in the 2012 model year Jaguar XF and has also confirmed its decision to build the C-X75 hybrid supercars. The much-awaited Range Rover Evoque, being launched in September 2011, has received significant expression of interest and around 18,000 bookings.

Tata Daewoo

Tata Daewoo Commercial Vehicle Company registered net revenues of Rs880 crore, and recorded a profit after tax of Rs16 crore in the quarter ended June 30, 2011.

Tata Motors Finance

Tata Motors Finance, the company's captive financing subsidiary, registered net revenues of Rs420 crore and reported a profit after tax of Rs49 crore in quarter ended June 30, 2011.