Tata Motors profit jumps to Rs.2,424 cr

Tata Motors on Friday reported consolidated revenue (net ofexcise) for the quarter ended December 31, 2010 of Rs 31,685 crore, posting agrowth of 22 per cent over Rs.25,974 crore in the corresponding quarter of theprevious year, with strong volume growth globally in all major markets.

The Operating Profit (EBITDA) was Rs.4,822 crore in thequarter against Rs.3,057 crore in the corresponding quarter last year. TheEBITDA margin stood at 15.2 per cent in the current quarter against 11.8 percent in the corresponding quarter last year. The Consolidated Profit before Tax(PBT) for the quarter was Rs.2,728 crore compared to a PBT of Rs 889 crore forthe corresponding quarter last year. The consolidated profit for the periodfor thequarter was Rs.2,424 crore, a significant increase over Rs.650 crore in thecorresponding quarter last year.

The Jaguar Land Rover business continued to show strongprofitability, with healthy volumes in Q3 FY 2010-11, reporting a Profit afterTax of GBP 275 million (Rs.1,958 crores). Both wholesale and retail volumesimproved favourably as compared to the corresponding quarter last year, on theback of improved market conditions and good response to the product portfolio.