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On the back of the robust revenue growth, the profits too reached for higher levels; here are the figures. Profit before exceptional item and tax- quarter ended on March 31, 2012 – Rs.4, 596 Crore (Rs.2, 734 Crore – March 31, 2011.) In percentage terms, that is a growth of 68.1%. Consolidated profit before tax was Rs.4, 424 Crore against Rs. 2, 911 Crore (March 31, 2011.). The noteworthy item is that exceptional item is just Rs. 172 Crore or just 3.74% of the consolidated profits. After tax and along with profits in respect of associate companies, Tata Motors posted a consolidated profit of Rs. 6, 234 Crore for the March 31, 2012 quarter, (Rs. 2, 638 Crore, previous year quarter. Tata attributed the healthy profits to increase in volumes in all segments: of course, and better realizations too have played key role as can be seen from the sales.

Including exports, Tata Motors sold 926,353 units of commercial and passenger vehicles (FY2011-12), which represents a 10.7% growth over last year. In the domestic market alone, Tata commercial vehicles occupy 59.4% market share, having sold 530,204 units, a 15.7% increase over last year.

New initiatives, product enhancements, and a stronger demand from China resulted in a 29.1% growth for the Jaguar Land Rover sales. Land Rover sold 260,394 units, while Jaguar kept pace with 54, 039 units. The JLR posted profit after tax of GBP1, 481 million (GBP1, 036 million in 10-11.). JLR’s JV agreement with Chery Automobile Company Ltd, to build vehicles for China is awaiting regulatory approvals from the authorities. The Jaguar Cars Ltd and Land Rover business is also being consolidated; the process would be completed during the year.

Tata Daewoo commercial vehicles has reported a net profit of KRW 3.6 billion from net revenues of KRW 767 billion for the FY 201-12. Tata Motor Finance Ltd the in-house subsidiary that drives sales of Tata vehicles through financing, has come to the party with its own contribution; earning Rs. 240 Crore in profits after tax over net revenues of Rs. 2, 018 Crore.

The shareholders have cheerful news; Tata Motors has declared a dividend of Rs. 4 for each ordinary share with face value of Rs.2/-. On ‘A’ class ordinary shares with face of Rs. 2/- each, the dividend is slightly higher at Rs.4.10. In percentage terms, the dividend is same as last year.

Cyrus P. Mistry has joined the Tata Motors board as a Director. The successor to Ratan Tata is also currently the Deputy Chairman of Tata Sons, a Director on the boards of Tata Consultancy Services Limited, Tata Steel Limited, Tata Industries Limited, and a few other companies of the Tata Group.