Tata Motors net profit down 50.65%


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Tata Motors net profit down 50.65% 31/05/2009 :

http://www.sharetipsexpert.com/ >> News Archive >> Tata Motors net profit down 50.65% in FY'09

Auto major Tata Motors on Friday reported a 50.65 per cent fall in its net profit at Rs 1,001.26 crore for the 2008-09 fiscal.

The company had a net profit of Rs 2,028.92 crore in the previous financial year, Tata Motors said in a statement.

The total income from operations in FY'09 also declined by 10.71 per cent to Rs 25,660.79 crore from Rs 28,739.41 crore in FY'08, it said.

The company's board has recommended a dividend of Rs 6 per ordinary share of Rs 10 each and Rs 6.50 for every 'A' ordinary share of Rs 10 each for 2008-09. In the previous fiscal, it was Rs 15 per ordinary share.

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