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Tata Motors Q2 net profit at Rs 22 cr

Home-grown auto firm Tata Motors reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

Home-grown auto firm Tata Motors reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

The company had a net loss of Rs 941.75 crore in the same period previous fiscal,Tata Motors said in a filing to the Bombay Stock Exchange.

Total income of the company from operations stood at Rs 21,100.22 crore for the September quarter this fiscal,while in the July-September period of the previous fiscal it was at Rs 22,991.35 crore.

“The financial results for the half-year ended September 30,2008 include the results of the operation of Jaguar Land Rover businesses for the period June 2 to September 30,2008.

The financial results for the half-year ended September 30,2009,are not comparable to this extent with the previous period,” the filing added.

For the H1 ended September 30,2009,the company posted a net loss of Rs 307 crore,while it had a net loss of Rs 222.06 crore in the same period previous year.

Shares of Tata Motors closed at Rs 629.50 on the BSE,down 0.84 per cent from its previous close.

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