Tata Motors third Quarter Results 2008-2009
February 2, 2009 – 6:30 pm by Rachit Hirani
Tata Motors’ sales volume for the quarter (including exports) at 98,760 vehicles declined by 31.7% over 144,608 in the October-December quarter of the Financial Year 2008-09.Tata Motors has reported a 34.4% decrease in revenues to Rs 4758.62 crore for the quarter ended December 31, 2008, compared to Rs 7251.83 crore in the corresponding quarter last year.
The Loss after Tax of Rs 263.26 crore, includes an exchange loss (net) on revaluation of foreign currency borrowings, deposits and loans given of Rs 226.52 crore as compared to Profit after Tax of Rs 499.05 crore, which included an exchange gain (net) on revaluation of foreign currency borrowings, deposits and loans given of Rs 27.51crore in the corresponding quarter in the previous year.
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