Strong performance by Tata Motors is indicated by the fact that Tata Motors has paid the advance tax of 220 Cr for the quarter ending Dec'10 against 100 Cr for the corresponding quarter last year.
The consolidated net profit for the Half Year ended Sep'10 for the Tata Motors was Rs.4,212 crores as compared to loss of Rs. 307 crores in the first half last year. Consolidated EPS for first half of FY11 stood at 73.76 Rs against 5.97 Rs last year. This makes Tata Motor looks extremely cheap with the forward PE of approximately 10.
The global sales of Tata Motors is going up. Jaguar and Land Rover sales rose 22% to 22,957 units in November 2010 over November 2009. Jaguar sales for the month were 5,621 units, up by 30%, while Land Rover sales were 17,336 units, higher by 20%. As both of them add great value to the profitability of the Tata Motors, it is a huge plus point.
Another good news on the counter is that Tata Motors is going to increase the prices of the vehicles in January'11.
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