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FINWIRES

Tata Motors' Consolidated Net Profit Rises in Fiscal Q4

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Tata Motors' (NSE:TATAMOTORS, BOM:500570) consolidated net profit rose to 17.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 13.4 billion rupees a year ago.

Earnings per share came in at 4.87 rupees from 3.65 rupees a year earlier, the commercial vehicles manufacturer said in a filing to the Indian stock exchanges. The EPS was lower than the 5.64 rupees estimated by analysts polled by Visible Alpha.

Revenue from operations in fiscal Q4 increased to 261.0 billion rupees from 218.6 billion rupees a year ago. This was higher than Visible Alpha's estimate of 193.2 billion rupees.

The company's board recommended a final dividend of 4 rupees per equity share of 2 rupees each for the financial year ended March 31, to be paid by July 2.

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