Another first by Tata Motors: net loss of Rs 2,505cr
Tata Motors managed to have so many first in the FY 2009 like world's cheapest Tata Nano, online booking, acquiring of JLR and so on. But the latest first was not so pleasant. The company registered a consolidated net loss of Rs 2,505.25 crore for the financial year 2008-09 against to a net profit of Rs 2,167.70 crore in the same period a year ago. Total income of the company nearly doubled to Rs 70,938.85 crore in FY'09 from Rs 35,660.07 crore in the previous fiscal,
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Tata Motors managed to have so many first in the FY 2009 like world's cheapest Tata Nano, online booking, acquiring of JLR and so on. But the latest first was not so pleasant. The company registered a consolidated net loss of Rs 2,505.25 crore for the financial year 2008-09 against to a net profit of Rs 2,167.70 crore in the same period a year ago. Total income of the company nearly doubled to Rs 70,938.85 crore in FY'09 from Rs 35,660.07 crore in the previous fiscal, Tata Motors said in a filing to the Bombay Stock Exchange. The financial results for the year ended March 31, 2009, include the results of operations of Jaguar Land Rover business for the period June 2, 2008 to March 31, 2009... The financial results for the year ended March 31, 2009 are not comparable with the previous year, the filing said. At the end of 2008-09, income from JLR sales stood at Rs 39,270.70 crore, while the loss from JLR operations (before interest, exceptional items and tax) stood at Rs 1,777.35 crore, it added.
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