Tata Motors FY05 net surges 53%

Tata Motors has registered a 53% surge in profit after tax at Rs 1236.95 crore for the year ended March 31, 2005 as compared to Rs 810.34 crore in FY04. Total income (net of excise) has increased from Rs 13,282.12 crore in FY-04 to Rs 17,585.22 crore for the year ended March 31, 2005.

The company has posted a 33% rise in net profit at Rs 388.17 crore for the quarter ended March 31, 2005 as compared to Rs 292.47 crore in the same quarter last fiscal. Total income (net of excise) has increased from Rs 4152.41 crore in Q4-04 to Rs 5368.47 crore for the quarter ended March 31, 2005.

The company has reported a 51% growth in its consolidated net profit at Rs 1385.34 crore for the year ended March 31, 2005 as compared to Rs 915.29 crore in FY04. Total income (net of excise) has increased from Rs 13980.92 crore in FY-04 to Rs 19666.78 crore for the year ended March 31, 2005.

According to a release issued by Tata Motors to the BSE, the board of directors has recommended a dividend Rs 12.50 per share (including Rs 2.50 as a special dividend) of Rs 10/- each for the financial year 2004-05, subject to approval of the shareholders.