Tata Motors records net up 170 per cent
By Our Corporate Bureau | 20 May 2004
Mumbai: Tata Motors Ltd has reported a 170 per cent rise in its net profit 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 was 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. with the interim dividend of Rs 4 per share, the dividend aggregates Rs 8.
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.