Birla Corporation Q4 net profit at Rs.101.19 crores, up 50.71% YOY

Birla Corporation 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 net profit of Rs 1011.90 million for the quarter ended March 31, 2007 as compared to Rs 671.40 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 3969.00 million for the quarter ended March 31, 2006 to Rs 4559.10 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 3262.30 million for the year ended March 31, 2007 as compared to Rs 1257.60 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 12286.00 million for the year ended March 31, 2006 to Rs 15934.10 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit (after Minority Interest) of Rs 3254.80 million for the year ended March 31, 2007 as compared to Rs 1253.10 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 12284.80 million for the year ended March 31, 2006 to Rs 15934.50 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended dividend of Rs 3.50 per share (i.e. 35%) on 7,70,05,347 equity shares.

Source : Equity Bulls

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