18 May, 2007
Consolidated financial results for the year ended March 31, 2007
Tata Motors today reported a consolidated gross revenue of Rs.36987.82 crores in 2006-07, a growth of 36% compared to Rs.27263.73 crores in 2005-06.
The consolidated revenues (net of excise) at Rs.32426.41 crores posted a growth of 36% over Rs.23769.45 crores in the previous year. The consolidated Profit Before Tax (PBT) for the year was Rs.3088.14 crores, an increase of 32% over Rs.2348.98 crores for the previous year. The consolidated Profit After Tax (PAT) for the year, after adjustment for share of minority interest and profit in associate companies was Rs.2169.99 crores compared to Rs.1728.09 crores, a growth of 26% over the previous year. Tata Motors has reported a Basic Earnings Per Share (EPS) of Rs.56.43 for its consolidated operations as against Rs.45.86 for the previous year.
Tata Motors stand-alone financial results
Quarter ended March 31, 2007
The revenues (net of excise) for the quarter ended March 31, 2007, at Rs.8267 crores posted a growth of 20% over Rs.6869.65 crores in the corresponding quarter previous year. The PBT for the quarter was Rs.779.80 crores, an increase of 20% over Rs.647.61 crores in the corresponding quarter last year.
The PAT for the quarter was Rs.576.72 crores, an increase of 26% over Rs.458.11 crores in the corresponding quarter last year.
The total sales volume for the quarter at 172,355 units grew by 16% over 148,343 units sold in the corresponding quarter last year. Sales of commercial vehicles in the domestic market increased by 22% to 87,467 units, while passenger vehicles sales at 70,248 units increased by 14% compared to the corresponding quarter last year.
Financial year ended March 31, 2007
Tata Motors gross revenue for the financial year 2006-07 was Rs.31884.69 crores (2005-06: Rs.24001.44 crores)
The revenues (net of excise) for the financial year ended March 31, 2007, at Rs.27535.24 crores posted a growth of 33% over Rs.20653.49 crores in the previous year. The PBT for the year was Rs.2573.18 crores, an increase of 25% over Rs.2053.38 crores last year. The PAT for the year was Rs.1913.46 crores, an increase of 25% over Rs.1528.88 crores last year.
The total sales volume (including exports) for 2006-07 at 580,280 units, the highest ever of the company, grew by 28% over 454,129 vehicles sold last year.
Sales of commercial vehicles in the domestic market increased by 39% to 298,586 units, the highest ever. The Company’s overall market share in commercial vehicles has now reached 63.9%, improving from 61.2% in 2005-06. Passenger vehicles sales in the domestic market at 228,220 units, the highest ever by the company, increased by 21% compared to last year. In spite of growing competition and loss of production due to a fire in the paint shop of the Car Plant, the Company’s market share in passenger vehicles was maintained at last fiscal’s levels at 16.4%. Exports at 53,474 units grew by 7% compared to 50,223 in 2005-06.
During the year, the Company launched new vehicles, and also extended its products to new markets. The mini-truck, Ace, has now been extended across the country, and a new variant, Ace HT, has been launched. The 100,000th Ace was rolled out within 22 months of launch. In passenger vehicles, launches included the long wheel base Indigo XL with two new powertrains, a new range of the Indica and the Indigo along with a new 1.2 litre petrol engine option for the Indica. All these products have received encouraging response.
The Board of Directors has recommended a dividend of Rs.15/- per share of Rs.10/- each for the financial year 2006-07 (2005-06: Rs.13/-). The dividend is subject to approval of shareholders; tax on the dividend will be borne by the Company.
The Audited Financial Results for the quarter and the financial year ended March 31, 2007, are enclosed.
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