Tata Steel Q4 net up 41 per cent at Rs 1103 cr

Mumbai, May 17 (UNI) Country's largest steel major Tata Steel registered 40.91 per cent rise in net profit at Rs 1,103.50 crore for the fourth quarter ended March 2007, as against the corresponding period last year.

Tata Steel's income went up 21.49 per cent to Rs 5,060.21 crore for the quarter from Rs 4,164.89 crore from the corresponding quarter a year ago.

The board of directors, at its meeting today, declared a 130 per cent dividend of Rs 13 on shares of Rs 10 each for the financial year 2006-07 and a special dividend of 25 per cent on the centenary year of the company.

The company has posted a net profit of Rs 4,222.15 crore for the year ended March 2007, as against Rs 3,506.38 crore in the previous year. The total income of the company grew to Rs 17,985.69 crore from Rs 15,470.26 crore for the period under review.

According to the consolidated results for the quarter ended March 2007, the group recorded a profit after minority interest of Rs 964.37 crore as compared to Rs 813.22 crore for the corresponding quarter a year ago.

The total income of the group grew to Rs 7559.40 crore for the quarter ended March 2007, from Rs 5,374.92 crore a year ago.

For the year ended March 2007, the Tata group recorded profit after minority interest of Rs 4,177.27 crore as compared to Rs 3,734.62 crore in the year-ago period.

The total income of the group rose to Rs 25,651.38 crore for the year ended March 2007, from Rs 20,568.88 crore for the period under review last year.

UNI