Tata Motors consolidated net profit down 36 percent

Mumbai, May 29 (IANS) Automobile giant Tata Motors Wednesday reported a decrease of 36.71 percent in its consolidated net profit for the fourth quarter of the last fiscal which stood at Rs.3,945.47 crore (over $700 million) from Rs.6,234 crore in the corresponding quarter of 2011-12.

However, the company's consolidated income for the quarter under review rose by 10 percent at Rs.56,001.64 crore from Rs.50,907.90 crore in the fourth quarter of 2011-12.

In another development the company's board recommended a dividend of Rs.2 per ordinary share and Rs 2.10 per 'A' ordinary share. The company had give a dividend of Rs.4 per ordinary share and Rs.4.10 per 'A' ordinary share in 2011-12.

The company's scrip at the Bombay Stock Exchange (BSE) closed the day's trade up 7.95 points or 2.69 percent at Rs.303.80 from its previous close of Rs.295.86 Tuesday.


Get stories like this on the Yahoo app and discover more every day.
Download it now.