TATA MOTORS = Q2 FY 2011 (SEPT 2010) = RESULTS = EXCELLENT PERFORMANCE

TATA MOTORS LTD

CONSOLIDATES RESULTS

Q2 FY 2011

TATA MOTORS  has performed excellently in Q2 Fy2011. Its consolidated results indicate good progress in its domestic and foreign operations.

Net Sales is Rs.28572.71 cr – up by 6.31% from previous qtr (Rs.26876.08 Cr)  and up by 36.78% from corresponding qtr of last year (Rs.20889.44 cr).

Profit from Operations is Rs.2906.78 cr – up by 2.21% from previous qtr (Rs.2843.85 Cr)  - and up by 341.81% from corresponding qtr (Rs.657.93Cr).

Consolidated Net Profit is Rs.2222.99 – up by 11.78% from previous qtr (Rs.1988.73 Cr) and up by a huge 10106.57% from corresponding qtr (Rs.21.78 Cr).

Basic EPS for the qtr is Rs.38.01 on a face value of Rs.10 – compared to Rs.34.8 in previous qtr and 0.36 in corresponding qtr. The annual EPS on this basis must be upwards of Rs.145.62.

Current price is Rs.1301.

At the current price, the PE Ratio comes to hardly 8.83 – which is quite low for TATA MOTORS.

TATA MOTORS has, in October,2010, approved the issue and allotment of 83,20,300 Ordinary Shares of face value of Rs.10/- at a price of Rs.1,074/- per Ordinary Share and 3,21,65,000 `A' Ordinary Shares at a price of Rs.764/- per 'A' Ordinary Share of the Company, aggregating to Rs.33,51,00,62,200/-. So, this will add to the equity of the company from current qtr. If this is used to reduce the interest on debt of the company, the future EPS will continue to grow for the company.

Results in figures:

TATA MOTORS-CONSOL	Sep-10	10-Jun	DIF%1	9-Sep	DIF%2
Net Sales	2857271	2687608	6.31	2088944	36.78
Other OPTG Income	20929	17949	16.6	21078	-0.71
SIT & WIP	-96002	-33184	189.3	23920	-501.35
Raw Materials	1701564	1485277	14.56	1193032	42.63
Traded goods	239393	252631	-5.24	188036	27.31
Employees Cost	227420	214887	5.83	229757	-1.02
Depreciation	109486	101154	8.24	84794	29.12
Other Expenditure	405661	400407	1.31	324690	24.94
Total Expenditure	2587522	2421172	6.87	2044229	26.58
Profit from Operations	290678	284385	2.21	65793	341.81
Other Income	1954	3455	-43.44	40672	-95.2
Interest	53127	56160	-5.4	55903	-4.97
Exceptional items	-12764	4136	-408.61	21835	-158.46
P B T	252269	227544	10.87	28727	778.16
Tax Expense	31310	29602	5.77	28942	8.18
Net Profit	220959	197942	11.63	-215	-102872
Consolidated Net Profit	222299	198873	11.78	2178	10106.57
Face Value (RS)	10	10	0	10	0
Paid-up Equity	57060	57060	0	51405	11
Basic EPS	38.01	34.8	9.22	0.36	10458.33
Diluted EPS	35.83	32.12	11.55	0.34	10438.24
Public Shareholding (%)	51.16	51.15	0.02	-

ANNOUNCEMENTS

TO THE EXCHANGE

09-11-2010        Tata Motors Limited has informed the Exchange regarding a press release dated November 09, 2010, titled "Consolidated Net Revenue grows by 36.5% in Q2 FY 2010-11; Consolidated Profit Rs. 2,223 crores (Rs. 22 crores in Q2 FY 2009-10)".

09-11-2010        Tata Motors Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 2857271 lacs for quarter ending on 30-SEP-2010 against Rs. 2088944 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 222299 lacs for the quarter ending on 30-SEP-2010 against Rs. 2178 lacs for the quarter ending on 30-SEP-2009. -

09-11-2010        Tata Motors Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 1144961 lacs for quarter ending on 30-SEP-2010 against Rs. 792407 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 43270 lacs for the quarter ending on 30-SEP-2010 against Rs. 72914 lacs for the quarter ending on 30-SEP-2009.     -

12-10-2010        Tata Motors Limited has informed the Exchange vide its letter dated October 11, 2010 regarding a press release titled "Tata Motors' Share issue Successfully completed- Issue Subscribed 3.4 Times".

07-10-2010        Tata Motors Limited has informed the Exchange that a duly authorized Committee of the Board of Directors of the Company has decided that the bid closing date for the Placement is October 7, 2010 and further to bids received from qualified institutional buyers pursuant to the Placement, the Committee has approved the issue and allotment of 83,20,300 Ordinary Shares of face value of Rs.10/- at a price of Rs.1,074/- per Ordinary Share and 3,21,65,000 `A' Ordinary Shares at a price of Rs.764/- per 'A' Ordinary Share of the Company, aggregating to Rs.33,51,00,62,200/-.        -

04-10-2010        Tata Motors Limited has informed the Exchange regarding a press release dated October 4, 2010, titled "TATA MOTORS ACQUIRES 80% STAKE IN TRILIX SRL., ITALY".      Click Here

10-08-2010        Tata Motors Limited has informed the Exchange regarding a Press Release dated August 10, 2010 titled "Consolidated Net Revenue grows by 64.2% in Q1 FY 2010-11".  

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