Tata Motors net profit down by 50.65 pc

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Tata Motors
New Delhi, May 29: Indian automobile giant Tata Motors reported a 50.65 pc fall in its net profit at Rs 1,001.26 crore for the 2008-09 fiscal. Tata Motors said in a statement that in the previous financial year it had a net profit of Rs 2,028.92 crore.

The total income from operations in FY'09 also declined by 10.71 per cent to Rs 25,660.79 crore from Rs 28,739.41 crore in FY'08, it said.

Tata Motors board has recommended a dividend of Rs 6 per ordinary share of Rs 10 each and Rs 6.50 for every 'A' ordinary share of Rs 10 each for 2008-09. In the previous fiscal, it was Rs 15 per ordinary share.

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