TATA MOTORS’ third quarter results for fiscal year 23 show the car giant’s first profit in two years, as well as other information on its use of alternative energies and investments in solar power.
Tata Motors announced quarterly results for the third quarter of fiscal year 23, with car sales growing 3.2 percent to 979 million units. The company also announced an improved profit before tax.
Tata Motors achieved a profit of Rs 139.65 crore ($19.3 million) in the third quarter of fiscal year 23 (FY23), compared to a loss of Rs 463.25 crore ($78.3 million) in the previous quarter. The company reported a total income of Rs 2,518.76 crore ($412.2 million) in the period, registering its first profit since FY19. It said sales (net) stood at Rs 50,440 crore ($7.54 billion), up a marginal 0.81% from FY22’s comparable period…\
Tata Motors Limited has reported its third quarter financial results for 23-months ended 31 March 2016. On the total revenues front, the company has been able to post a 6.7% growth at Rs 25,627 crore compared to Rs 23,869 crore in the same quarter last year. This was also achieved despite major expenses incurred towards research and development (R&D) in both existing and new models. The car giant says that it is investing $400 million on R&D across all models