Tata Motors Q2 profit shows modest rise of 6%

Tata Motors Q2 profit shows modest rise of 6%
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First Published: Wed, Oct 31 2007. 05 52 PM IST
Updated: Wed, Oct 31 2007. 05 52 PM IST
PTI
Mumbai: Automobile major Tata Motors consolidated net profit rise of 6.34% for the second quarter ending September, impacted by rising input costs, the company announced on 31 October 2007.
The company showed a net profit of Rs570 crore for the quarter ending September, against Rs536 crore a year ago.
Revenues rose 5.89% to Rs8,280 crore for the quarter.
“The quarter continued to witness high input costs, increased competitive activity and the high interest rate regime affected sales in the domestic market,” the company said in a statement.
In the quarter, Tata Motors introduced passenger vehicles and launched an upgraded entry level utility vehicle.
It also introduced commercial vehicles for passenger transportation, seen as new-growth segments.
Tata Motors shares fell nearly 1% to Rs760 on the Bombay Stock Exchange after the earnings data was announced.
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First Published: Wed, Oct 31 2007. 05 52 PM IST