Titan Q4 net zooms 153 pc, dividend at 30 pc

Mumbai, June 6: Titan Industries has posted a net profit of Rs 37.21 crore for the quarter ended March 31, as compared to Rs 14.68 crore for the corresponding quarter the previous fiscal, an increase of 153.47 per cent.

Announcing the results, the company said its total income has increased from Rs 318.77 crore in Q4 FY-05 to Rs 424.03 crore for Q4 FY-06.

It has posted a net profit of Rs 73.62 crore for the year ended March 31, as compared to Rs 24.95 crore for FY-05. Its total income has increased from Rs 1,099.45 crore in FY-05 to Rs 1,442.61 crore for FY-06.

The company's board has recommended a dividend on the equity shares of 30 per cent, free of tax, as against the previous year's 20 per cent free of tax.

UNI