Tata Chemicals net up 47 per cent to Rs 94 cr

Tata Chemicals, country's leading inorganic chemicals and fertilisers maker, has posted 47 per cent rise in net profit to Rs 94.44 crore for the fourth quarter ended March 31, 2007, against at Rs 64.42 crore in the same period last fiscal.

The Tata Group company's total income (net of excise), including interest on refund of tax, stood at Rs 814.68 crore for the January-March quarter against Rs 779.16 crore for the corresponding three-month period in 2006.

"The previous year's figures reflect the results of Brunner Mond Group between January 1 and March 31, 2006 and in respect of the JV, IMACID, for the period from May 1, 2005 to March 31, 2006. Hence, the previous year's figures are not comparable," Tata Chemicals informed the BSE.

The board has recommended payment of dividend at Rs 8 per share aggregating to Rs 201.33 crore, including tax payable on dividend pay-out.

For the year ended March 31, 2007 the company recorded profit after tax (PAT) of Rs 444.21 crore, where as the same was at Rs 353.03 crore in the previous fiscal, Tata Chemicals said.

Total income (net of excise) for the fiscal was at Rs 4,088.74 crore, while the same was at Rs 3,601.94 crore for the year ended March 31, 2006.

On a consolidated basis, the group posted PAT of Rs 508.04 crore for the 12-month ended March 31, 2007, whereas the same was at Rs 428.34 crore last fiscal.

Consolidated annual total income (net of excise) of the group was Rs 5,907.35 crore, while the same was at Rs 4,117.77 crore for the year ended March 31, 2006.