Tata’s Net Profit is Marginally Down
The heavy investments in abroad, loans and huge investments in the domestic market have made Tata Motors profit down. The company recoded a marginal decline in profit for the fiscal year 2007-08. Earlier in the fiscal year 2006-07, the company had made a net profit of Rs 2,167.70 crore against Rs 2,169.99 crore.
The company has gained a total income of Rs 29,214 crore for the year 07-08 as compared to 27,715.22 crore on the year 06-07. After the annual profit was declared, the Tata Motors shares went up by 1.30 percent closing at Rs 634.75 at the Bombay Stock Exchange. It is now looking at future ahead of the annual turnover currently. Though it has seen a small drip in the profit, Tata Motors is on assured path to success as Nano is ready for launch in October.
The company has gained a total income of Rs 29,214 crore for the year 07-08 as compared to 27,715.22 crore on the year 06-07. After the annual profit was declared, the Tata Motors shares went up by 1.30 percent closing at Rs 634.75 at the Bombay Stock Exchange. It is now looking at future ahead of the annual turnover currently. Though it has seen a small drip in the profit, Tata Motors is on assured path to success as Nano is ready for launch in October.
Labels: Decline-in-Profit, Tata-Motors
4 Comments:
Tata Motors is going down. But that is natural when a company makes huge investments. The market forces do no like companies that as for public funding, but companies cannot survive without public funding.
In the last decade, Tata Motors has bought several companies. Maybe the scrips are loosing due to excessive global investment.
These are lot of figures. Anyhow what i make out of the situation is that it is a temporary phase and Tata Motors which has a lot of future technology with with it will be a leader in few years.
Tata-profit on a decline!!!
with huge investments and loans, the annual income compared to teh previous accouting year is less. May be with the launch of NANO, the small dip might get over!! Hope with the launch of NANO Tata's won't have to say NO..NO!!
In any kind of business there will be ups and downs and especially with a business magnet like Tata's it is an temporary dip.
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