Tata Motors Q4 PAT up 32.72 per cent

Mumbai: TATA Motors Ltd on Tuesday reported a 32.72 per cent rise in profit after tax (PAT) for the quarter ended March 31,2005, to Rs388.17 crore from the previous year's corresponding period's Rs292.47 crore.

Net sales / income from operations was up 28.85 per cent to Rs5338.87 crore (Rs4143.44 crore).

For 2004-2005, its PAT moved up by 52.64 per cent to Rs1236.95 crore (Rs810.34 crore) on a 31.73 per cent rise in net sales/income from operations to Rs17,419.13 crore (Rs13,223.22 crore).

The company's board has recommended a dividend of Rs12.50 (including Rs2.50 as special dividend) per share of Rs10.

Though rising raw material-cost kept EBITDA margin at 12.5 per cent (14.2 per cent), Praveen Kadle, executive director, Tata Motors, pointed out, it would stand revised to a one per cent dip from 13.7 per cent to 12.7 per cent if adjustments were made for a foreign exchange gain of Rs65 crore in Q4 FY04 and a loss of Rs10 crore (under the same head) in the just ended quarter.