Tata Motors ended financial year 2010-11 crossing a few significant milestones. The company’s consolidated results shows a record Rs 123,133crore in turnover and Rs 9200crore in net profit during the year. The net profit is a 260 percent year-on-year growth.
Profit before tax stood at Rs 10, 437crore, a 196.3 percent growth over the previous year.
Tata Motors’ results rode high on Jaguar Land Rover, which posted a net profit of 1.04 billion Pounds as against a loss of 14 million Pounds the previous year. JLR’s strong financial performance was fueled by its sales which stood at 2.4 lakh units during the year.
On a standalone basis, net profit for Tata Motors stood at Rs 1811crore, a growth of 8 percent over the previous year. However EBITDA margin stood at 9.9 percent, as against 11.7 percent the previous year. C Ramakrishnan, CFO, Tata Motors also sounded a word of caution by saying that rising interest rates and higher fuel costs may dampen demand in the car market. Rising input costs also remain a concern.