Tata Motors reports 195% growth in Consolidated PAT at Rs 2,502 crore

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Mumbai: Tata Motors announced on Thursday consolidated financial results for the quarter and the year and a half that ended on September 30, 2017, according to Ind-AS.

Tata Motors reported consolidated revenues (net of indirect taxes) of Rs 70,156 crore in the second quarter of FY18, against Rs 63,577 crore for the corresponding quarter last year, although lower in Rs 2,393 crore due to the impact of the conversion of GBP to INR .

The consolidated profit before taxes (PBT) for the quarter was Rs 3,081 crore, compared to Rs 999 crore for the corresponding quarter last year. Consolidated income after taxes (after gains and losses with respect to joint ventures and associates) for the quarter was Rs 2,502 crore, compared to Rs 848 crore for the corresponding quarter last year, although lower in Rs. 112 crore due to the impact of the conversion of GBP to INR.

The company reported consolidated revenues of Rs 128,807 crore in the first half of fiscal year 18, compared to Rs 128,692 crore for the corresponding period last year. The consolidated profit before taxes (before the exceptional article) was Rs 3,198 crore, against Rs. 3,071 crore for the corresponding period of last year.

Publish the exceptional items, the consolidated profit before and after taxes (profit / loss after associated companies) for H1FY18 was ₹ 6,818 crores and ₹ 5,702 crores, respectively, compared to ₹ 3,551 crores and ₹ 3,109 crores, for the corresponding period last year.

Independent results of Tata Motors * – For the quarter and half of the year ended September 30, 2017 Sales (including exports) of commercial and passenger vehicles stood at 152,979 units in Q2FY18, a growth of 13.8%, in comparison with Q2FY17, with impressive growth in all segments: 28% in MHCV, 35% in ILCV, 38% in SCV and pick-ups.