Annual Report 2003-2004 of Tata Motors

It is a broadly described annual report of Tata Motors in the year of 2003-2004. During the financial year, The Company’s Turnover, net of excise duties, increased 45.7% to a record high of Rs. 13,282.12 Crores from Rs. 9,114.95 Crores in 2002-03. Domestic sales increased by 39.1% to 292,213 units from 210,050 units in 2002-03 while exports increased by 124.8% to 22,046 units from 9809 units and 111.2% in value terms to Rs. 1006.32 Crores from Rs. 476.43 Crores in 2002-03. Expenditure increased by 42.5% to Rs. 11,341.42 Crores from Rs. 7,957.50 Crores in 2003-04. The Company’s Profit before Tax (PBT) was Rs. 1,292.34 Crores which was an improvement by 153.2% over the PBT of Rs. 510.37 Crores in 2002-03. After making a provision of Rs. 482.00 Crores towards current and deferred taxes as compared to Rs. 210.26 Crores in 2002-03, the Company’s Profit after Tax was Rs. 810.34 Crores, which was 170% higher than Rs. 300.11 Crores in 2002-03.

The Board of Directors had declared a maiden interim dividend of Rs. 4/- per share. Consequently, the total dividend for the year 2003-04, would be Rs. 8/- (previous year Rs. 4/-) per share.

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