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
