BASF India Q4 net profit down at Rs.3.67 crores, recommends 70% dividend

BASF India Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 36.70 million for the quarter ended March 31, 2007 as compared to Rs 49.80 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 1466.20 million for the quarter ended March 31, 2006 to Rs 1615.80 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 500.90 million for the year ended March 31, 2007 as compared to Rs 454.10 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 6881.00 million for the year ended March 31, 2006 to Rs 7722.40 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit of Rs 500.50 million for the year ended March 31, 2007 as compared to Rs 453.00 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 6879.70 million for the year ended March 31, 2006 to Rs 8490.70 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on June 06, 2007, inter alia, has recommended payment of dividend on the equity shares @ 70% for the financial year ended March 31, 2007.

Further the Company has informed that, the 63rd Annual General Meeting of the members of the Company will be held on July 31, 2007.

Source : Equity Bulls

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