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Tata Chemicals Q4 net profit up 46.6% at Rs.94.44 crores, recommends Rs.8 dividend



Posted On : 2007-05-30 04:16:49( TIMEZONE : IST )

Tata Chemicals Q4 net profit up 46.6% at Rs.94.44 crores, recommends Rs.8 dividend

Tata Chemicals Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 944.40 million for the quarter ended March 31, 2007 where as the same was at Rs 644.20 million for the quarter ended March 31, 2006. Total Income* (net of excise) is Rs 8146.80 million for the quarter ended March 31, 2007 where as the same was at Rs 7791.60 million for the quarter ended March 31, 2006.

The figures for the quarter ended March 31, 2006 are unaudited.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 4442.10 million for the year ended March 31, 2007 where as the same was at Rs 3530.30 million for the year ended March 31, 2006. Total Income* (net of excise) is Rs 40887.40 million for the year ended March 31, 2007 where as the same was at Rs 36019.40 million for the year ended March 31, 2006.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a profit after tax of Rs 5080.40 million for the year ended March 31, 2007 where as the same was at Rs 4283.40 million for the year ended March 31, 2006. Total Income* (net of excise) is Rs 59073.50 million for the year ended March 31, 2007 where as the same was at Rs 41177.70 million for the year ended March 31, 2006.

* Total Income is including Interest on Refunds of Tax.

Previous year figures reflect the financial results of the operations of Brunner Mond Group Ltd for the period January 01, 2006 upto March 31, 2006 and in respect of the joint venture, IMACID, for the period from May 01, 2005 upto March 31, 2006. Hence, the previous year figures are not comparable.

The Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended payment of dividend at Rs 8 per share aggregating to Rs 201.33 crores (Previous year Rs 171.69 crores @ Rs 7 per share) including dividend tax.

Source : Equity Bulls

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