Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) consolidated attributable profit surged to 761.70 billion Indian rupees in the fiscal second quarter ended Sept. 30 from 34.5 billion rupees a year ago, due to an exceptional gain on disposal of discontinued operations.
Loss per share came in at 17.50 rupees from earnings per share of 10.01 rupees a year earlier, the car manufacturer said in a filing to the Indian stock exchanges on Friday.
Revenue from operations in fiscal Q2 declined to 723.5 billion rupees from 836.6 billion rupees a year ago.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments