Wednesday, November 10, 2010

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:
Sep-10
DIF%1
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".  
 *  *  *   E  N  D   *  *  *

No comments:

Post a Comment