The company's revenues (net of excise) were INR233.63b in nine month period of April-December 2009, a growth of 24.5% compared to INR187.65b in corresponding period of last year. Profit before tax was INR20.09b, an increase of 607.8% compared to INR2.83b in the nine month period last year, while profit after tax was INR16.43b, a growth of 300.9% over INR4b in the corresponding period last year.
The sales volume for quarter (including exports) stood at 165,413 vehicles, which shows a growth of 67.5% over sales of 98,760 vehicles in Q3, 2008-09.
In domestic market, commercial vehicles sales increased by 88.8% to 93,520 units, leading to market share of 64.3%. With a growth of 121.6% in Q3, 2009-10, medium and heavy commercial vehicle segment witnessed a year on year growth for Q2 in a row in current fiscal year. Light commercial vehicles, led by continued performance of ace and its variants and on low base of previous year, witnessed growth of 70.5% over Q3, 2008-09.
Tata said that passenger vehicles, including Fiat, Jaguar and Land Rover vehicles distributed in India, grew by 46% in domestic market to 61,593 units. The market share for Tata passenger vehicles for the period stood at 11.8%. It launched new Indigo Manza during the quarter, which saw its sales grow by 63.5% over Q3, 2008-09.
Tata has also ramped up production rate of Nano at the plant in Uttarakhand and has till December 31, 2009, delivered 17,537 units of Nano.
The company's operating margins (EBITDA) came in at 12.8%, an improvement of 1092 basis points compared to corresponding quarter of previous year. According to Tata, the volume recovery and marginal price increase undertaken in October 2009 to combat commodity prices, aided it to maintain double digit margins. The profit before tax for the quarter was INR5.55b and profit after tax was INR4b (loss in Q3, 2008-09 was INR2.63b).