Tata Motors fourth quarter PAT up 26 per cent; declares 150 per cent dividend

Mumbai: Tata Motors has reported a 26 per cent jump in fourth quarter (January-March 2007) net profit at Rs576.72 crore against Rs458.11 crore in the corresponding period of the previous year.

The board of directors has declared a 150 per cent dividend of Rs15 on shares of Rs10 each for the financial year 2006-07, subject to approval of the shareholders.

Revenues (net of excise) for the quarter was 20 per cent higher at Rs8,267 crore, against over Rs6,869.65 crore in the corresponding previous quarter, the company said in a statement.

Total sales volume for the quarter rose 16 per cent to 1,72,355 units from 148,343 units sold in the corresponding previous quarter. Domestic sales of commercial vehicles increased 39 per cent to 2,98,586 units.

For the financial year ended March 31, Tata Motors'' revenues (net of excise) were at Rs27,535.24 crore as against Rs20,653.49 crore in the previous year.

PAT for the year was up 25 per cent at Rs1,913.46 crore from Rs1,528.88 crore last year. Sales volume (including exports) for 2006-07 was at 5,80,280 units, against 4,54,129 vehicles sold last year.

Consolidated PAT for the year, after adjustments rose 26 per cent to Rs2,169.99 crore from Rs1,728.09 crore while consolidated gross revenue for the year rose 36 per cent to Rs36987.82 crore from Rs27263.73 crore in 2005-06.