Hindalco Industries Q4 profit after tax at Rs.721.3 crores

Hindalco Industries Ltd has announced the results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 7213 million for the quarter ended March 31, 2007 as compared to Rs 6263 million for the quarter ended March 31, 2006. Total Income has increased from Rs 37317 million for the quarter ended March 31, 2006 to Rs 48722 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 25643 million for the year ended March 31, 2007 as compared to Rs 16555 million for the year ended March 31, 2006. Total Income has increased from Rs 116404 million for the year ended March 31, 2006 to Rs 186831 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on March 12, 2007, had declared an interim dividend of 170% aggregating to Rs 1,773 million. Together with the Corporate Dividend Tax of Rs 249 million, the total payout was Rs 2,022 million.

The Board at its meeting held on May 04, 2007, inter alia, has decided not to recommended any further dividend and to treat the interim dividend as final dividend.

Source : Equity Bulls

Keywords