Annual Report 2004-2005 of Tata Motors

It is a broadly described annual report of Tata Motors in the year of 2004-2005. During the financial year, The Company’s Turnover, net of excise duties, increased 32.40% to a record high of Rs. 17,585.22 Crores from Rs. 13,282.12 Crores in 2003-04. Expenditure increased by 34.5% to Rs. 15,248.04 Crores from Rs. 11,341.42 Crores in 2003-04. The Company’s Profit before Tax (PBT) was Rs. 1,651.90 Crores which was an improvement by 27.8% over the PBT of Rs. 1,292.34 Crores in 2003-04. After making a provision of Rs. 414.95 Crores towards current and deferred taxes as compared to Rs. 482 Crores in 2003-04, the Company’s Profit after Tax was Rs. 1,236.95 Crores, which was 52.7% higher than Rs. 810.34 Crores in 2003-04. The Basic Earnings per Share improved to Rs. 34.38 from Rs. 24.68 in 2003-04.

The Board of Directors has proposed the payment of a dividend of Rs.10/- per share plus a Special dividend of Rs. 2.50 per share for the Diamond Jubilee Year (making a total dividend of Rs. 12.50 per share) on 36,17,51,751 Ordinary Shares and any further shares that may be allotted by the Company on conversion of Notes prior to 27^th June 2005 for the year 2004-05 (previous year – Rs. 8/- per share).

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