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Wednesday, May 28, 2008

Tata Motors net up 6%

Tata Motors posted a 6 per cent increase in net profit for the financial year ended 31, March 2008 at Rs 2028.92 crore as against Rs 1913.46 crore for the previous financial year.

The company's revenues (net of excise) rose by 4.6 per cent for FY08 to Rs 28,730.82 crore compared to Rs 27,470 crore a year ago.

The company's margins were under pressure during the year due to rising interest rates, constraints in availability of vehicle financing from outside sources and increase in input costs.

Tata Motors said that there has been delay in introducing two products in the market.

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