Tuesday, 12 August 2014

Tata Motors shines on reporting over 3 fold jump in Q1 consolidated net profit

     The company's net profit for the quarter has declined 44.02% at Rs 393.65 crore as compared to Rs 703.26 crore for the quarter eneded June 30, 2013. Its total income has decreased by 13.27% to Rs 9301.95 crore for the quarter under review form Rs 10725.05 crire for the corresponding quarter of the previous year.
     On the consolidated basis, the company has reported over 3 fold jump in its net profit after taxes & Minority interest at Rs 5398.21 crore for the quarter as compared to Rs 1726.07 crore for the same quarter in the previous year. Total income has increased by 38.14% at Rs 64896.03 crore for quarter under review as compared to Rs 46979.50 crore for the quarter ended June 30,2013.
     The promoters holding in the company stood at 34,33% while Institutions and Non-Institutions held 37.16% and 7.25% respectively.
    The BSE group 'A' share, and face value Rs 2 has touched a 52 week high of Rs 488.05 on 23-Jul-2014 and a 52 week low of Rs 276.15  on 13-Aug-2013.
     The stock trade at Rs 471.35 up by 23.65 points or 5.35% from its previous closing of Rs 447.40 on the BSE.



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