Tata Motors Announced Consolidated Financial Results
OREANDA-NEWS. August 14, 2012. Tata Motors reported consolidated revenues (net of excise) of Rs43,324 crore for the quarter ended June 30, 2012, posting a growth of 30.1 percent over Rs33,289 crore in the corresponding quarter of the previous year on the back of strong growth in volumes of new products and favourable market mix at Jaguar Land Rover (JLR). The consolidated profit before exceptional item and tax was Rs3,623 crore, posting a growth of 50.8 percent over Rs2,403 crore in the corresponding quarter of the previous year. The consolidated profit before tax (PBT) for the quarter was Rs3,183 crore, compared to Rs2,346 crore for the corresponding quarter of the previous year. The consolidated profit / loss (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs2,245 crore, as compared to Rs2,000 crore in the corresponding quarter of the previous year. JLR tax expense for the quarter ended June 30, 2011, was lower consequent to utilisation of past tax losses.
The consolidated profit for the quarter ended June 30, 2012, was impacted by exceptional items of Rs441 crore (loss of Rs57 crore in corresponding period last year) on account of exchange loss (net), including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of Indian rupee (INR).
Tata Motors standalone financial results for the quarter ended June 30, 2012
Tata Motors standalone revenues (net of excise) were Rs10,586 crore for the quarter ended June 30, 2012, as compared to Rs11,624 crore in the corresponding period last year. Weak macroeconomic parameters, excise duty increases and poor availability of freight resulted in pressure on volumes in the MHCV segment. Further, competitive pressures on pricing in certain commercial and passenger vehicle segments and lower volumes impacted the operating margins. Operating margin was 7.3 percent for the quarter ended June 30, 2012, as compared to 8.8 percent for the corresponding period last year. The operating profit (EBITDA) stood at Rs774 crore in the quarter ended June 30, 2012, as compared to Rs1,020 crore in the corresponding period last year.
The PBT for the quarter ended June 30, 2012 is Rs237 crore as compared to Rs466 crore in the corresponding period last year, and the PAT for the quarter is Rs205 crore as compared to Rs401 crore in the corresponding period last year. The PBT and PAT for the quarter ended June 30, 2012, were adversely impacted by exchange loss (net), including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of INR, of Rs161 crore (gain of Rs2 crore in the corresponding period last year).
Tata Motors' sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2012, stood at 1,90,483 units, representing a decline of 3.6 percent, as compared to the corresponding period last year.
In the domestic market, the company's commercial vehicles sales for the quarter ended June 30, 2012, stood at 1,14,710 units, a growth of 1.3 percent over the corresponding period last year. Growth was driven by small commercial vehicles and was supported by improved production through facilities in Pantnagar and Dharwad. The company's market share in commercial vehicles was 56.2 percent for the quarter ended June 30, 2012.
In the domestic market, the company’s passenger vehicles, including Fiat, Jaguar and Land Rover vehicles distributed in
Jaguar Land Rover PLC (figures as per IFRS)
Jaguar Land Rover sales for the quarter ended June 30, 2012, grew 34.4 percent to 83,452 units. Of this, the Jaguar volumes for the period stood at 11,774 units and Land Rover volumes stood at 71,678 units. Growth in volumes was driven by sales of the new Range Rover Evoque and strong demand from
Revenues for the quarter ended June 30, 2012, of GBP 3,638 million, represented a growth of 34.6 percent over GBP 2,703 million in the corresponding quarter last year. Operating margins for the quarter ended June 30, 2012, stood at 14.5 percent wi an operating profit (EBITDA) of GBP 527 million in the quarter, a growth of 45.6 percent over GBP 362 million in the corresponding quarter last year. Continued strong revenue and operating profit performance were supported by demand for new products, improved market mix and favourable exchange rate environment. The PBT for the quarter is GBP 333 million (GBP 251 million in the corresponding quarter last year) and the PAT for the quarter is GBP 236 million (GBP 220 million in the corresponding quarter last year).
In August 2012, JLR declared a dividend of GBP 150 million (equivalent to Rs1,290 crore).
Tata Daewoo
Tata Daewoo Commercial Vehicles registered net revenues of KRW 217 billion and recorded a net profit of KRW 3 billion in the quarter ended June 30, 2012.
Tata Motors Finance
Tata Motors Finance, the company's captive financing subsidiary, registered net revenue of Rs623 crore from operations and reported a PAT of Rs73 crore in the quarter ended June 30, 2012.
Комментарии