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Overall economic growth, robust IIP and availability of liquidity led to robust domestic demand during the quarter, resulting in volume growth comprising both new products and the existing portfolio. In the domestic market, the company's commercial vehicles sales increased by 38.7% to 100,186 units. The growth was mainly supported by medium and heavy commercial vehicles which grew by 62.4% year-on-year. The company's market share in commercial vehicles was 61%.

Revenues (net of excise) of Rs 10,416.26 crores, represented a growth of 62.7% over Rs 6,404.02 crores in the corresponding quarter last year. Volume growth, cost efficiencies and better realisations have led to a double digit operating margin of 11.28%, resulting in an Operating Profit (EBITDA) of 1,174.67 crores in the quarter (quarter ended June 30, 2009: Rs 728.00 crores). The PBT for the quarter is Rs 537.65 crores (quarter ended June 30, 2009: Rs 548.04 crores, which included profit of 318.94 crores on sale of investments, which were not liable to tax) The PAT for the quarter is Rs 395.72 crores (quarter ended June 30, 2009: Rs 513.76 crores).

Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, grew by 56.0% in the domestic market to 77,858 units driven by continued overwhelming response to the Tata Indigo Manza, the Tata Indica Vista and the Tata Nano. The market share for Tata passenger vehicles for the period stood at 13.3% as compared to 11.2% in Q1 FY2009-10. Driven by the Manza, the company's market share in the entry-midsize segment has increased substantially to 39.5% compared to 25.2% in Q1 FY2009-10.

Tata Motors has reported a Basic Earnings Per Share (EPS) of 34.80 in Q1 FY2010-11 for its consolidated operations as against a Loss Per Share of 6.40 in Q1 FY2009-10.Tata Motors gross revenue for the quarter ended June 30, 2010, was (quarter ended June 30, 2009: 6,930.43).

The Tata Motors Group today reported consolidated revenues (net of excise) of 27,055.57 crores, posting a growth of 64.2% over 16,472.97 crores in the corresponding quarter of the previous year, with strong volume growth globally in all major markets. The Consolidated Profit before Tax (PBT) (post minority interest and profit in respect of Associate companies) for the quarter was 2,275.44 crores, compared to a Loss before Tax of 269.86 crores for the corresponding quarter last year. The Consolidated Profit after Tax (PAT) for the quarter was Rs 1,988.73 crores, a significant turnaround from a loss of Rs 328.78 crores in the corresponding quarter last year.

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Wajax Announces 2010 First Quarter Earnings
TORONTO, ONTARIO-- - Wajax Income Fund today announced 2010 first quarter earnings.

Wajax Announces 2010 First Quarter Earnings
TORONTO, ONTARIO--(Marketwire - 05/07/10) - Wajax Income Fund (TSX: WJX.UN - News ) today announced 2010 first quarter earnings. --------------------------- (Dollars in millions, except per unit data) Three Months Ended March 31 --------------------------- 2010 2009 --------------------------- CONSOLIDATED RESULTS ------------------------------------------------- Revenue $227.7 $264.0 Net ...

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