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Tata Chemicals Q4 net profit up 32 per cent at Rs 343 crore

The board has recommended a dividend of Rs 11 per ordinary share of Rs 10 each for the 2016-17 fiscal.

Published: 26th May 2017 04:04 PM  |   Last Updated: 26th May 2017 04:04 PM   |  A+A-

Tata Chemicals. (File photo)

By PTI

NEW DELHI: Tata Chemicals today reported a 31.82 per cent increase in consolidated net profit at Rs 343.02 crore in the fourth quarter of 2016-17 fiscal even as income remained down.     

Its net profit stood at Rs 260.21 crore in the year-ago period, the company said in a BSE filing.   

Total income declined to Rs 3,079.47 crore in the January-March quarter of the 2016-17 fiscal from Rs 3,618.14 crore in the year-ago period.     

However, expenses remained lower at Rs 2,733.96 crore as compared to Rs 3,310.56 crore in the said period.   

For the FY 2016-17, net profit rose to Rs 1,234.10 crore from Rs 1,001.11 crore in the previous fiscal.   

The board has recommended a dividend of Rs 11 per ordinary share of Rs 10 each for the 2016-17 fiscal, subject to the approval of the shareholders at the ensuing annual general meeting of the company. The dividend, if approved, will be paid on and from August 11, 2017.     



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