Tata Power Q4 net down 18.60 pc, dividend at 85 pc

Mumbai, May 29 (UNI) Tata Power Company Ltd has posted a net profit after tax of Rs 138.82 crore for the quarter ended March 31, 2006 as compared to Rs 170.55 crore for the quarter ended March 31, 2005, a decline of 18.60 per cent.

Announcing the results, the company said its total income has increased from Rs 1154.38 crore in Q4 FY 04-05 to Rs 1246.53 crore for Q4 FY 05-06.

It has posted a net profit after tax of Rs 610.54 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 551.36 crore for the year ended March 31, 2005 (FY 04-05). Total income has increased from Rs 4317.57 crore in FY 04-05 to Rs 4888.40 crore for FY 05-06.

The Board of Directors has recommended a dividend @ 85 per cent (Rs 8.50 per share) to the shareholders for the year ended March 31, 2006.

UNI SN PM AG1923