Tata Tea FY07 net Rs443 crore, to pay Rs15 a share
Business Standard — June 2, 2007

Tata Tea has posted a consolidated net profit of Rs443.35 crore for the year ended March 31, 2007 (FY07) whereas the same was at Rs299.15 crore FY06.

According to a release issued by the company to BSE today, total income for FY07 stood at Rs4,103.22 crore while the same was Rs3,150.86 crore in FY06.

"The previous period's figures have been regrouped to conform to the current period's figures. These figures are not strictly comparable with figures reported for the current year, due to business acquisitions in the current year," the release said.

On a stand alone basis, the company has posted a profit after tax of Rs306.57 crore in FY07 whereas the same was at Rs186.93 crore in the preceding financial year. Total income stood at Rs1,146.11 crore, while as the same was Rs1,040.010 crore in FY06.

For the quarter ended March 31, 2007 (Q4FY07), the company has posted a profit after tax of Rs3.89 crore whereas the same was at Rs19.32 crore in Q4FY06. Total income stood at Rs259.03 crore while it was Rs243.53 crore in Q4 FY06.

The Tata Tea board of directors, which met today, has recommended a dividend of Rs15/- per equity share of 10 each, for FY07.