Mirc Electronics Q4 net up 3.6 pc, dividend at 75 pc

Mumbai, May 29 (UNI) Mirc Electronics, makers of ONIDA colour televisions, has posted a profit after tax of Rs 4.03 crore for the quarter ended March 31, 2006 as compared to Rs 3.89 crore for the quarter ended March 31, 2005 -- an increase of 3.59 per cent.

Announcing the results, the Company said its total income (net of excise) is Rs 291.22 crore for Q4 FY 05-06 as against Rs 230.25 crore in Q4 FY 04-05.

It has posted a profit after tax of Rs 32.79 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 27.78 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) is Rs 1224.96 crore for FY 05-06 as against Rs 1096.18 crore for FY 04-05.

As per the consolidated results, the Group has posted a profit after tax of Rs 26.44 crore for the year ended March 31, 2006 (FY 05-06) whereas the same was Rs 23.03 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) is Rs 1237.87 crore for FY 05-06 whereas the same was Rs 1109.32 crore for FY 04-05.

Previous years figures have been rearranged and regrouped wherever necessary. The current year's figures include results of erstwhile Onida Savak for the whole year as against one day for the previous year. Hence, current year's figures are not strictly comparable with that of the previous year.

The Board of Directors has recommended a dividend of 75 per cent, subject to the approval of shareholders.

UNI SN MAZ AG1944