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With JLR boost, Tata Motors Q2 net profit up 10.5%.(Financial report)
Byline: Our Bureau
Strong demand, growth in volumes and favourable market mix at Jaguar Land Rover gave a 10.5 per cent boost to Tata Motors net profit at Rs 2,075 crore in the second quarter ending September 2012. This was slightly short of market expectations. At the end of the September 2011, net profits had stood at Rs 1,877 crore.
The consolidated net revenues were Rs 43,403 crore, up about 20 per cent from Rs 36,198 crore.
Tata Motors, the largest commercial vehicle manufacturer in the country, said that rising costs and slowing economic growth in the domestic market weakened demand in both the commercial and passenger vehicle segments.
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