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Tata Motors net falls 51% to Rs 1,001.26 cr

May 29, 2009 15:58 IST

Auto major Tata Motors on Thursday reported a 50.65 per cent fall in its net profit at Rs 1,001.26 crore (Rs 10.01 billion) for the 2008-09 fiscal.

The company had a net profit of Rs 2,028.92 crore (Rs 20.28 billion) in the previous financial year, Tata Motors said in a statement.

The total income from operations in FY'09 also declined by 10.71 per cent to Rs 25,660.79 crore (Rs 256.60 billion) from Rs 28,739.41 crore (Rs 287.39 billion) in FY'08, it said.

The company's 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.