Tata Motors Q2 net up 19% to Rs 526.84 cr

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New Delhi, Oct 31 (UNI) Tata Motors today said its net profit for the second quarter ended September 30, 2007 has increased by 19.27 per cent to Rs 526.84 crore compared to Rs 441.72 crore in the corresponding quarter of 2006-07.

Its revenue increased by 1.33 per cent to Rs 6,672.65 crore for the second quarter this year as compared to Rs 6,585.20 crore in corresponding quarter last fiscal.

The group's revenue stood at Rs 8,205.23 crore for the quarter ended September 30, an increase of 6.22 per cent over Rs 7,724.71 crore in the corresponding quarter of 2006-07.

The net profit also saw a hike of 6.39 per cent at Rs 570.71 crore as against Rs 536.44 crore in the corresponding quarter last year.

''The quarter continued to witness high input costs, increased competitive activity, and the high interest rate regime affecting retails in the domestic market, in varying degrees between the commercial and passenger vehicles segments,'' said a statement.

Its net profit was Rs 993.60 crore in the first half of the fiscal year, an increase of 20.65 per cent compared to Rs 823.57 crore in the corresponding first half last year.

The company's revenues on a stand-alone basis was Rs 12,729.47 crore in the first half, an increase of 3.20 per cent as compared to Rs 12,334.76 crore in the first half last year.

UNI

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