TATA MOTORS -FY10 RESULTS VERY GOOD - CONSOLIDATED & STAND ALONE

TATA MOTORS LIMITED

FY2010 VS 2009

RESULTS COMPARISON

TATA MOTORS has performed well in FY10 compared to FY 09.

The consolidated and Non-consolidated results are reviewed below :

CONSOLIDATED RESULTS

Net Sales   has increased by 30.59% in FY10 to Rs.91893 Cr from Rs.70370 Cr in FY 09 (Plus Rs.21523 Cr YOY)

Total Expenditure has also increased by 23.32% to Rs.88290Cr in FY10 from Rs.71597Cr in FY 09 ( Plus Rs.16693 Cr YOY)

Consolidated NPT for FY 10 is a healthy Rs.2571 Cr, compared to a loss of Rs.2505 Cr in FY 09 (a difference of Rs.5076 Cr YOY)

Consolidated Basic EPS is Rs.48.64 on a Face value of Rs.10 compared to (-)56.88 last year, a difference of Rs.105.52 YOY. This shows that the foreign operations have also contributed in a healthy manner to the profitability of TATA Motors and are likely to improve further.

TATA MOTORS CONSOL.	FY10(lakhs)	FY09(lakhs)	DIFF	%AGE
Net Sales	9189345	7037040	2152305	30.59
Other Oprtg Income	62580	56845	5735	10.09
Stock in trade & WIP	-114867	60292	-175159	-290.52
Raw Materials	5410554	4050968	1359586	33.56
traded goods	853852	694299	159553	22.98
Employees Cost	875177	729742	145435	19.93
Depreciation	388713	250677	138036	55.07
Other Expenditure	1415613	1373709	41904	3.05
Total Expenditure	8829042	7159687	1669355	23.32
OP.PROFIT	422883	-65802	488685	-742.66
Other Income	179312	79896	99416	124.43
Interest	223971	193090	30881	15.99
Exceptional items	25960	33929	-7969	-23.49
P B T	352264	-212925	565189	-265.44
Tax Expense	100575	33575	67000	199.55
P A T	251689	-246500	498189	-202.11
Net Profit	251689	-246500	498189	-202.11
Minority Interest	3033	-1148	4181	-364.2
Shares of Associates	-8450	5173	-13623	-263.35
Consolidated NPT	257106	-250525	507631	-202.63
Dividend (%)	-	-
Face Value (in Rs.)	10	10	0	0
Paid-up Equity	57060	51405	5655	11
Reserves	745015	531584	213431	40.15
Basic EPS(Rs.)	48.64	-56.88	105.52	-185.51
Diluted EPS(Rs.)	44.65	-56.88	101.53	-178.5

NON-CONSOLIDATED RESULTS

Stand alone Net sales have improved by 39.52% YOY.

Total expenditure has also increased but less than proportionately – by 31.24% YOY.

Basic EPS has increased to a healthy Rs.42.87 on a face value of Rs.10 in FY10 from Rs.22.7 in FY 09.

Dividend has there been increased to 150% in FY 10 compared to 60% in FY 09.

The figures are given below.

TATAMOTORS (NONCONSOL)	FY10(lakhs)	FY09(lakhs)	DIFF	%AGE
Net Sales	3537378	2535408	1001970	39.52
Other Oprtg Income	21927	30671	-8744	-28.51
Stock in trade and WIP	-60663	23804	-84467	-354.84
Raw Materials	2039260	1621862	417398	25.74
traded goods	451323	218032	233291	107
Employees Cost	183613	155139	28474	18.35
Depreciation	103387	87454	15933	18.22
Other Expenditure	542347	377115	165232	43.81
Total Expenditure	3259267	2483406	775861	31.24
Profit from Operat.	300038	82673	217365	262.92
Other Income	185345	92597	92748	100.16
Interest	110384	67368	43016	63.85
Exceptional items	92045	6526	85519	1310.44
Profit before tax	282954	101376	181578	179.11
Tax Expense	58946	1250	57696	4615.68
NPT after tax	224008	100126	123882	123.73
Net Profit (+)	224008	100126	123882	123.73
Dividend (%)	150	60	90	150
Face Value (Rs.)	10	10	0	0
Paid-up Equity	57060	51405	5655	11
Reserves	1437024	-
Basic EPS bef.Extr.items	42.87	22.7	20.17	88.85
Dil.EPS bef.Extr.items (Rs.)	38.99	20.83	18.16	87.18
Basic EPS aft.Extr.items	42.37	22.7	19.67	86.65
Dil.EPS aft.Extr.items (Rs.)	38.99	20.83	18.16	87.18
Public Shareholding (%)	51.11	45.17	5.94	13.15

QUARTERLY COMPARISON

The 4^th Qtr results are yet to be available. The first 3 Quarters performance shows progressive improvement in sales. Profitability has come down in Q3 compared to previous quarters.

	9-Dec	9-Sep	9-Jun	8-Dec	8-Sep
Net Sales	892980	792407	635020	471363	702933
Total Expenditure	811472	719195	591696	488234	671682
Net Profit	40014	72914	51376	-26326	34699
Dividend (%)	-	-	-	-	-
Face Value (In Rs	10	10	10	10	10
Paid Up Equity	54396	51405	51405	51405	38570
Reserves	-	-	-	-	-
Basic EPS	7.36	14.12	9.93	-5.51	9
Diluted EPS	6.8	13.06	9.2	-5.51	8.17

ANNOUNCEMENTS

 TO THE EXCHANGE

27-05-2010        Tata Motors Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2010 decided that the Annual General Meeting of the Company would be held on September 01, 2010.     -

27-05-2010        Tata Motors Limited has informed the Exchange regarding a press release dated May 27, 2010 titled " Consolidated Net Revenue grows by 30.5% in FY10 over previous year to Rs. 92,519 crores Consolidated Profit of Rs. 2,571 crores (Loss of Rs. 2505.25 crores in the previous year".       

27-05-2010        Tata Motors Limited has informed the Exchange that at the Board Meeting held on May 27, 2010, the Board of Directors have recommended a dividend of Rs. 15/- per share on Ordinary Shares for FY 2009-10 and a dividend of Rs. 15.50 per share on 'A' Ordinary Shares for FY 2009-10 (Rs. 6/- per share on Ordinary Shares and Rs. 6.50/- per share on 'A' Ordinary Shares for FY 2008-09).   -

27-05-2010        Tata Motors Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3537378 lacs for year ending on 31-MAR-2010 against Rs. 2535408 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 224008 lacs for the year ending on 31-MAR-2010 against Rs. 100126 lacs for the year ending on 31-MAR-2009.     -

27-05-2010        Tata Motors Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 9189345 lacs for year ending on 31-MAR-2010 against Rs. 7037040 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 257106 lacs for the year ending on 31-MAR-2010 against Rs. (250525) lacs for the year ending on 31-MAR-2009.