Tata Motors announced Q2FY21 Finance results in net loss Rs 314 crore
Tuesday Tata Motors announced Q2 Finance Results report on Net loss Rs.314 crore in the quarter-end 30 September 2020, but last year same quarter net loss Rs.187.70 crore.
The company total revenues down for 18.19% percent to Rs.53,530 crores as against last year the same quarter on Rs.65,431.95 crore a year age.
Earning Before Interest Taxes, Deprecation and Amortization (EBITDA) 20.51% percent drop to Rs.5,691 crore. The margin narrowed to 10.6% from last year same quarter 10.9% percent a year ago.
Tata Motor Finance cost increase by 114 crores to Rs.1,950 crore during Q2FY21 and in the year higher borrowing as compared to Q2FY21.
The company statement of the Covid-19 pandemic has spread throughout the world, including India and other countries. The countries lock down implementation for Tata motor production companies shut down in India and retail stores locked India. tata motors last six-month results for the lock down time revenue fall the company and in tata motors production start the Covid-19 after sale recover the company.
Domestic retail PV sales increase by 76% percent YoY to 53,500 units in India.
JLR retail sales of 113,569 units in Q2 up 53.3% percent on Q1 but still down 11.9% percent year-on-year due to Covid-19. The profit before tax of € 65 million on revenues of € 4.4 billion.
The ‘charge plus’ transformation generates € 0.6 billion of cash & cost saving in Q2. a company positive free cash flow of € 463 million after € 531 million of investment spending.
Today Tata motors share price changes -0.63% percent to -0.85, in the company current share price Rs.134.80
Thank you for reading have more updates Follow Social Media and Stay tune to Businesline.info