Tata Motors Q2 standalone net profit at Rs 109 cr

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Mumbai, Oct 31 (IANS) Automobile major Tata Motors on Wednesday reported a standalone net profit of Rs 109.14 crore during the quarter ended September 30, on the back of rise in sales.

During the same period last year, the company reported a net loss of Rs 283.37 crore, Tata Motors said in a statement.

Total standalone income during the second quarter of the financial year 2018-19 was Rs 18,102.56 crore, 33.77 per cent higher from Rs 13,532.64 crore earned during the corresponding period of FY18.

It further said its total revenue from operations during the period under review rose by 32.85 per cent to Rs 17,644.13 crore.

In Q2 FY19, wholesales (including exports) grew 25 per cent to 190,283 units with broad-based growth across the entire portfolio.

Commenting on the quarterly performance, Guenter Butschek, CEO and MD, Tata Motors, said: “The continued improvements were made possible due to a robust product and innovation pipeline, strong market activation, rigorous cost reductions and structural process improvements.”

–IANS

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