Tata Motors FY-11 results surpassed all expectation when they reported three folds rise in its consolidated net profit to Rs. 9,273.62 crores over previous year. Consolidated total income increased 33% YoY to Rs. 1,23,133 crores.
The company's British subsidiary Jaguar Land Rover reported a net revenue of 9.9 billion pound and profit after tax of 1.04 billion pound.
The company sold around 11 million vehicles globally which include the sales of JLR.
The stock positively reacted to the result and closed 2.5% higher in todays trade. At the current market price of Rs. 1161 the company commands a market capitalization of Rs. 73,500 crores. Based on consolidated EPS the stock trades at a PE multiple of approximately 8 times.
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