Tata Motors Q4 profit dips 36% to Rs 3,945.47 cr
New Delhi: Auto major Tata Motors on Wednesday reported 36.71 percent decline in its consolidated net profit at Rs 3,945.47 crore for the fourth quarter ended March 31.
The company had posted a consolidated net profit of Rs 6,234 crore in same quarter of the previous fiscal, Tata Motors said in a statement.
Consolidated income from operations was Rs 56,001.64 crore in the quarter as against Rs 50,907.90 crore in the year-ago period, it added.
For the financial year ended in March 2013, the company had posted a consolidated profit of Rs 9,892.61 crore as against Rs 13,516.50 crore in the previous fiscal.
Tata Motors' consolidated net sales in 2012-13 were at Rs 18,8817.63 crore compared to Rs 16,5654.49 crore in fiscal 2011-12.
In a separate filing, Tata Motors has informed BSE that its Board of Directors has recommended a dividend of Rs 2 per ordinary share and Rs 2.10 per ?A' Ordinary share, both of face value of Rs 2 each.
Tata Motors shares today closed at Rs 303.80, up 2.69 percent from previous close on the BSE.