Sterlite Industries back to black, Q4 posts Rs 241 cr profit

Mumbai, June 1 (UNI) Sterlite Industries India Ltd has posted a net profit of Rs 240.71 crore for the quarter ended March 31, as compared to net loss of Rs 39.34 crore for the quarter ended March 31, 2005.

Announcing the results, the company said its total income (net of excise) has increased from Rs 1,194.46 crore in Q4 FY 04-05 to Rs 2,551.98 crore for Q4 FY 05-06.

It has posted a net profit of Rs 511.12 crore for the year ended March 31, 2006, (FY 05-06) as compared to Rs 106.42 crore for the year ended March 31, 2005, (FY 04-05). Total Income has increased from Rs 4,107.09 crore in FY 04-05 to Rs 7,619.88 crore for FY 05-06.

The Board has recommended dividend of 62.50 per cent (Rs 1.25 per share of Rs 2 each) for the financial year 2005-06. The total dividend outflow (including Dividend Tax) is Rs 79.63 crore as against Rs 37.55 crore in the previous year.

UNI SN MJ AG1628