emfizz.com
emfizz.com November 23, 2017


Tata Motors profit jumps 3-fold to Rs. 2483 cr

10 November 2017, 01:02 | Jan Cross

Tata Motors profit jumps 3-fold to Rs. 2483 cr

Tata Motors Q2 Profit Surges Three Times

Indian carmaker Tata Motors Thursday reported a three-fold increase in quarterly profits, beating analyst estimates and boosted by higher sales from its Jaguar Land Rover business.

Tata Motors Ltd reported a almost three-fold rise in quarterly profit on Thursday, blowing past estimates, helped by higher sales from its Jaguar Land Rover business.

Consolidated net profit for the quarter ended in September stood at 24.83 billion rupees ($382 million), compared with 8.28 billion rupees a year earlier. Analysts had expected a net profit of Rs1,499 crore.

The numbers would have been higher had it not been for a Rs 2,393-crore forex hit on revenue side and Rs 112 crore on the post-tax side that the company took during the quarter.

The British marquee JLR reported a massive 38 per cent spike in pre-tax profit at 385 million pounds driven by an 11.5 per cent rise in revenue to 6.3 billion pounds.

Mayank Parekh rpt Parekh, head of the passenger vehicle business said the company has huge bookings for its recently launched compact SUV Nexon with a three-month waiting period. A 5.1% increase in sales in the USA, its second-largest market, helped offset the weakness in the United Kingdom and elsewhere in Europe, Tata Motors said. EBITDA margin was 11.8 per c4nt and EBIT margin was 5.2 per cent in the quarter.

Bitterroot Valley to honor veterans
American Legion Post 40 will host a Veterans Day Dinner on Saturday, Nov. 11 at the Cut Bank Moose Lodge in Cut Bank. This invitation was accepted by more than 35 community veterans. "This year's guest speaker is U.S.


Rail chaos: Southern drivers end 18-month strike
Rail staff are walking out as part of a long-standing dispute over driver-only trains, affecting Northern services in the borough. Drivers working for Southern Railway have voted to accept a deal to end the dispute over driver-only trains.


Fake WhatsApp brief for Android Dodges Google Play review Process
If you once knew that the app must've cost something, then the one listed was given for free, you should start to get suspicious. You can install the app through the available file on any of your devices running Android 5.0 and above.


JLR plans to launch several new products next year including the Jaguar XF Sportbrake sport-utility vehicle (SUV), the E-Pace, a compact SUV, and the I-Pace, its first electric sports auto, Speth said after the company announced a three-fold rise in profit.

As part of the company's ongoing product offensive, manufacturing expansion and new technology programme, Jaguar Land Rover's investment spending was more than £1 billion in the second quarter.

JLR is plugging £4bn over the course of the year, building a new plant in Slovakia, and has plans to launch a smaller version of the Jaguar E-Pace SUV in markets such as China.

Speth concluded: "Our product portfolio continues to excite and surprise".

He further stated, that "Looking ahead to the rest of the year, we will continue to focus on our strategic objective of achieving profitable, sustainable growth and will continue to adapt and innovate in the current challenging market conditions".

For H1FY18, net revenues were KRW 484.0 billion (approx Rs2,759 crore), a decline of 4 per cent against the corresponding period previous year and net profit was KRW 30.8 billion (approx Rs176 crore), a 49 per cent jump from H1FY17.



Other News

Trending Now

Putin and Trump to meet Friday in Vietnam
Russian Federation has vehemently denied allegations of interfering in the USA election past year that brought Trump to power. The International Olympic Committee this month disqualified two Russian cross-country skiers.

Former MLB pitcher died in Vacaville-made airplane
Almost every memory began with a story about Halladay's legendary work ethic, his workout program and his early morning routine. Another A5 crashed in April, making a hard landing in the water off Key Largo, Florida, injuring the pilot and his passenger.

Premiere for Louis CK's 'I Love You, Daddy' is canceled
Louis CK has been forced to cancel the premiere of his new film following allegations of sexual misconduct . "They're rumors . My manager and my agent have told me that", she said in a podcast, that has since been deleted, via Variety .

Appeals Court: Ezekiel Elliott Must Begin Serving Suspension Immediately
Ezekiel Elliott's six-game suspension is back on after the Second Circuit Court denied his request for an injunction on Thursday. That means Elliott's suspension is active and barring any last minute legal wrangling, he will not play on Sunday in Atlanta.

Veterans Day programs Saturday, Sunday
It is sponsored by the American Legion Post 82, American Legion Post 241 and the citizens of Middlesex County. Across the Atlanta area, cities are honoring those who defended our country on Veterans Day.

AT&T exec says 'uncertain' when Time Warner deal will close
Another way to resolve the concerns, the Department of Justice told AT&T , is to sell off DirecTV, according to the source. He said he wants the department to investigate his political rivals, including Hillary Clinton.

Taylor Swift to perform new song during ABC's 'Scandal'
Remember, it's been a good seven years since a show created exclusively by Rhimes has aired - she's probably got some good ideas. Swift removed her music from streaming platforms shortly before the release of "1989", decrying the services' royalty payments.

Khulna-Kolkata train services launched
Bandhan express will strengthen the relationship. "I look forward to working with you in our joint endeavour to that end". Chief Minister Mamata Banerjee described the launch of the projects as a remarkable day for India and Bangladesh.

Google Pixel 2 now has a microphone issue
A user has reported that whenever the phone is unlocked a flashing screen appears before the display turns up. The smaller, HTC developed Pixel 2 handset has experienced problems of its own, but to a much lesser degree.

Twitter suspends verification program after white supremacist rally organizer gets blue check
People can apply for verification by submitting basic identifying information to Twitter . About a week later, Kessler tweeted "Heather Heyer was a fat, disgusting Communist .