Tata Motors on Wednesday posted a 10.5 per cent jump in consolidated net profit at Rs 2,075 crore (Rs 20.75 billion) for the second quarter ended September 30.
The Tata Group company's post-tax profit for the corresponding July-September period last year had stood at Rs 1,877 crore (Rs 18.77 billion).
During the reporting period, there was a 19.9 per cent rise in consolidated revenues (net of excise) at Rs 43,403 crore (Rs 434.03 billion), it said in a statement.
However, on a standalone basis which represents its domestic operations, the revenues dipped to Rs 12,481 crore (Rs 124.81 billion) as compared to the year-ago period's Rs 12,954 crore (Rs 129.54 billion), it said.
The company's operating margin also slipped to 5.9 per cent from the 7.2 per cent in the year ago period.
"Weak macro-economic outlook and sluggish industrial demand coupled with diesel price increase, have impacted M&HCV (medium and heavy commercial vehicles)
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