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".
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