Tata Motors' Consolidated Net Revenue grows by 64.2% in Q1 FY 2010-11

The Tata Motors Group today reported(quarter ended June 30, 2009: Rs 728.00 crores).
consolidated revenues (net of excise) ofThe PBT for the quarter is Rs 537.65 crores
27,055.57 crores, posting a growth of 64.2% over(quarter ended June 30, 2009: Rs 548.04 crores,
16,472.97 crores in the corresponding quarter ofwhich included profit of 318.94 crores on sale of
the previous year, with strong volume growthinvestments, which were not liable to tax) The
globally in all major markets. The ConsolidatedPAT for the quarter is Rs 395.72 crores (quarter
Profit before Tax (PBT) (post minority interestended June 30, 2009: Rs 513.76 crores).
and profit in respect of Associate companies) forOverall economic growth, robust IIP and availability
the quarter was 2,275.44 crores, compared to aof liquidity led to robust domestic demand during
Loss before Tax of 269.86 crores for thethe quarter, resulting in volume growth comprising
corresponding quarter last year. The Consolidatedboth new products and the existing portfolio. In
Profit after Tax (PAT) for the quarter was Rsthe domestic market, the company's commercial
1,988.73 crores, a significant turnaround from avehicles sales increased by 38.7% to 100,186
loss of Rs 328.78 crores in the correspondingunits. The growth was mainly supported by
quarter last year.medium and heavy commercial vehicles which
Tata Motors has reported a Basic Earnings Pergrew by 62.4% year-on-year. The company's
Share (EPS) of 34.80 in Q1 FY2010-11 for itsmarket share in commercial vehicles was 61%.
consolidated operations as against a Loss PerPassenger vehicles, including Fiat and Jaguar and
Share of 6.40 in Q1 FY2009-10.Tata Motors grossLand Rover vehicles distributed in India, grew by
revenue for the quarter ended June 30, 2010,56.0% in the domestic market to 77,858 units
was (quarter ended June 30, 2009: 6,930.43).driven by continued overwhelming response to
Revenues (net of excise) of Rs 10,416.26 crores,the Tata Indigo Manza, the Tata Indica Vista and
represented a growth of 62.7% over Rs 6,404.02the Tata Nano. The market share for Tata
crores in the corresponding quarter last year.passenger vehicles for the period stood at 13.3%
Volume growth, cost efficiencies and betteras compared to 11.2% in Q1 FY2009-10. Driven
realisations have led to a double digit operatingby the Manza, the company's market share in the
margin of 11.28%, resulting in an Operating Profitentry-midsize segment has increased substantially
(EBITDA) of 1,174.67 crores in the quarterto 39.5% compared to 25.2% in Q1 FY2009-10.