Tata Motors Q2 net profit at Rs 22 cr

Home-grown auto firm Tata Motors (TATAMOTORS.BO : 680.5 +6.9) reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

The company had a net loss of Rs 941.75 crore in the same period previous fiscal, Tata Motors said in a filing to the Bombay Stock Exchange (^BSESN : 16034.65 -7.53).

Total income of the company from operations stood at Rs 21,100.22 crore for the September quarter this fiscal, while in the July-September period of the previous fiscal it was at Rs 22,991.35 crore.

"The financial results for the half-year ended September 30, 2008 include the results of the operation of Jaguar Land Rover businesses for the period June 2 to September 30, 2008.

The financial results for the half-year ended September 30, 2009, are not comparable to this extent with the previous period," the filing added.

For the H1 ended September 30, 2009, the company posted a net loss of Rs 307 crore, while it had a net loss of Rs 222.06 crore in the same period previous year.

Shares of Tata Motors closed at Rs 629.50 on the BSE, down 0.84 per cent from its previous close.