Mumbai: Tata Motors today reported a decline of 7.08 percent in its consolidated net profit at Rs 3,290.86 crore for the second quarter ended September 30, 2014.
The auto major had posted consolidated net profit of Rs 3,541.86 crore in the July-September period of 2013-14 fiscal.
Consolidated net sales during the quarter this year increased by 8.03 percent to Rs 60,163.99 crore, from Rs 55,686.87 crore in the year-ago period, Tata Motors said in a filing to the BSE.
Revenue from the company's British unit, Jaguar Land Rover went up by 7.34 percent to Rs 49,160.72 crore in the second quarter this fiscal, as against Rs 45,795 crore in the year-ago period.
On the other hand, revenue from Tata and other brand vehicles and financing during the quarter were at Rs 11,146.50 crore up 3.89 percent from 10,728.01 crore in the same period a year ago.
On a standalone basis, Tata Motors' net loss widened to Rs 1,845.63 crore as against Rs 803.53 crore in the same period a year ago.
Standalone net sales also declined by 1.17 percent to Rs 8,657.85 crore in Q2, compared to Rs 8,761.10 crore Q2 of last fiscal.
The company's standalone unit volume sales were at 1,27,220 vehicles, including exports, for the quarter ended September 30, decline of 15.70 percent from 1,50,930 units in the corresponding period last year.
Tata Motors shares closed at Rs 523.80 per scrip, down 0.47 percent, on the BSE.
