Tata Chemicals has posted a consolidated net profit of Rs 508.04 crore for the year ended March 31, 2007 while it was Rs 428.34 crore for FY06.According to an official release issued by Tata Chemicals to the BSE today, its total income for the year ended March 31, 2007 rose to Rs 5907.35 crore from Rs 4117.77 crore for the year ended March 31, 2006.On a stand-alone basis, the company has posted a profit of Rs 444.21 crore for the year ended March 31, 2007 whereas it was Rs 353.03 crore for FY06. Its total income for FY07 is Rs 4088.74 crore whereas it was Rs 3601.94 crore for FY06.For the quarter ended March 31, 2007, the company has posted a profit of Rs 94.44 crore whereas it was Rs 64.42 crore for Q4FY06. Tata Chemicals' total income for the quarter is Rs 814.68 crore whereas it was Rs 779.16 crore, in Q4FY06.In a separate release, the board of the company at its meeting held today has recommended payment of dividend at Rs 8 per share aggregating to Rs 201.33 crore including dividend tax.