The directors present their sixty-second annual report and the audited statements of accounts for the year ended 31 March 2007.
The directors recommend for consideration of the shareholders at the ensuing annual general meeting, payment of a dividend of Rs.40 per share (400 per cent) for the year ended 31 March 2007. The amount of dividend and the tax thereon 2006-07 (Nos) 2005-06 (Nos)
aggregates to Rs.4,735 million. Dividend paid for the year ended 31 March 2006 was Rs.40 per share (400 per cent). The amount of dividend and the tax thereon aggregated to Rs.4,615 million.
Motorcycles Other two-wheelers Total two wheelers Three wheelers Total Two & Three wheelers Of the above, exports were Two wheelers Three wheelers Total Exports
2,379,499 1,912,306 20,497 321,828 116,870 252,054 2,399,996 2,029,176 2,721,824 2,281,230 301,766 140,645 442,411 174,907 75,297 250,204
The company commissioned its new plant at Pantnagar, Uttarakhand in April 2007. The plant has a planned capacity of one million motorcycles per annum. The commissioning of this plant was done in a record period of eleven months. The
Rs. in million
Rs. in million
capital expenditure for this project is Rs.1.5 billion. The company has received the formal approval dated 17 April 2007 from the Department of Commerce, Ministry of Commerce and Industry, Government of India for the setting up of a Special Economic Zone at Waluj Industrial Area in Aurangabad district. The plans for developing this zone are currently in progress.
Net sales & other income Gross profit before VRS compensation, interest & depreciation VRS compensation Interest Depreciation Profit before taxation Provision for taxation Profit after tax Disposable surplus Proposed dividend (inclusive of dividend tax) Earnings per share (Rs.)
100,760 19,726 386 53 1,903 17,280 4,901 12,379 12,371 4,735...