The Hindu Business Line : Tata Motors records 170 pc rise in net

TATA Motors Ltd has reported a 170 per cent jump in its profit after tax to Rs 810.34 crore for the year ended March 31, 2004, as against Rs 300.11 crore in the previous year.

Net sales/income from operations touched Rs 15,493.52 crore (Rs 10,840.70 crore).

The company's board has recommended a final dividend of Rs 4 per share of Rs 10 each. Together with the interim dividend of Rs 4 per share, the dividend aggregates Rs 8.

When contacted, Mr Praveen Kadle, Executive Director, Tata Motors, attributed the good performance to a range of factors, including the growth opportunities in the market, the company's efforts to capture those opportunities, its efforts to outperform the market through better product line-up, a growing global presence and sustained focus on cost reduction, cost control and improved fiscal management.

For the fourth quarter of last fiscal, Tata Motors recorded a profit after tax of Rs 292.47 crore (Rs 137.57 crore) on net sales/income from operations of Rs 4,859 crore (Rs 3,590.73 crore).

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Tata Motors records 170 pc rise in net