Birla Corporation announces Q4 & FY 06 results

Birla Corporation Ltd has announced the following audited results for the quarter & year ended March 31, 2006:

The Company has posted a net profit of Rs 671.40 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 381.40 million for the quarter ended March 31, 2005 (Q4 FY 04-05). Total Income (net of excise) has increased from Rs 3522.30 million in Q4 FY 04-05 to Rs 3969.10 million for Q4 FY 05-06.

The Company has posted a net profit of Rs 1257.60 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 868.70 million for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs 11579.40 million in FY 04-05 to Rs 12286.10 million for FY 05-06.

The Consolidated results are as follows

The group has posted a net profit (after Minority Interest) of Rs 1253.10 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 863.90 million for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs 11579.30 million in FY 04-05 to Rs 12284.90 million for FY 05-06.

The Board of Directors has recommended a dividend of Rs 2.25 (22.50%) per share.

Source : Equity Bulls

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