Tata Chemicals' FY'11 net profit up nearly 8 per cent at Rs654 crore
23 May 2011
Tata Chemicals has posted a consolidated group net profit of Rs653.47 crore during the year ended 31 March 2011 against Rs605.91 crore during the year ended 31 March 2010, a 7.84 per cent rise year-on-year.
Total group income increased to Rs11,156.34 crore during the year ended 31 March 2011 from Rs9,712.36 crore during the year ended 31 March 2010.
Tata Chemicals posted a net stand-alone profit of Rs408.49 crore for the year ended 31 March 2011 against Rs434.78 crore during the year ended 31 March 2010.
Total income of the company increased to Rs6,440.89 crore during the year ended 31 March 2011 from Rs5,669.23 crore during the previous year.
The board of directors of the company at its meeting today, inter alia, approved payment of dividend at Rs10 per share of face value of Rs10 each against Rs9 per share paid in the previous year.
The dividend after approval by shareholders at the company's annual general meeting to be held on 9 August, will be paid on or after 10 August 2011, Tata Chemicals said in a stock market filing.