Tata Motors Q1 net down 57% at Rs 2,260 crore - News Summed Up

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Tata Motors Q1 net down 57% at Rs 2,260 crore


Consolidated net sales in the first quarter were up 10 per cent at Rs 66,101.27 crore as against Rs 60,093.79 crore in the year-ago period. The city-based company had posted a consolidated profit of Rs 5,254.23 crore in the same period last fiscal, Tata Motors had said in a BSE filing. Consolidated net sales in the first quarter were up 10 per cent at Rs 66,101.27 crore as against Rs 60,093.79 crore in the year-ago period. On a standalone basis, the company reported a net profit of Rs 25.75 crore for the first quarter, down 91.11 per cent from Rs 289.84 crore in the year-ago quarter. Standalone net sales were at Rs 11,311.24 crore as against Rs 10,262.76 crore in the year-ago period, up 10.21 per cent.


Source: The Hindu August 26, 2016 10:30 UTC



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