Tata Motors on Thursday reported an over three-fold rise in its consolidated net profit for 2010-11 fiscal to Rs 9,273.62 crore.
The company had posted a net profit of Rs 2,571.06 crore in 2009-10 financial year,
Tata Motors said in a statement.
The consolidated total income from operations during last fiscal also jumped by 33.09 per cent to Rs 1,23,133.30 crore from Rs 92,519.25 crore, it added.
During 2010-11, Tata Motors sold a total of 10,80,994 vehicles across the world, up 24.2 per cent over the previous financial year, the statement said.
The company's British subsidiary Jaguar Land Rover reported a net revenue of 9,906 million pounds and profit after tax of 1,043 million pounds.
The company's board recommended a dividend of 200 per cent, which is Rs 20 per share, for every ordinary share. It has also recommended a dividend of 205 per cent, which is Rs 20.50 per unit, for every 'A' ordinary shares.
Tata Motors also said its board has approved a proposal to split its stock, under which its ordinary and 'A' ordinary shares both of Rs 10 each will be divided into shares of Rs 2 each.
The shares of the company today closed 2.45 per cent up at Rs 1,161.25 apiece on the Bombay Stock Exchange.
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