Ballarpur FY07 consolidated net at Rs 256cr

Ballarpur Industries today reported a consolidated net profit of Rs 255.97 crore for the year ended June 30, 2007 when compared with Rs 214.17 crore for the year ended June 30, 2006.

According to a release issued by the company to the BSE today, total income increased to Rs 2,331.51 crore for the year ended June 30, 2007 from Rs 1,923.68 crore in FY06.

"Previous year figures include those of power business for nine months up to March 31, 2006 & Unit Ashti for a period of three months from April 1, 2006 to June 30, 2006, and hence are not comparable with the classification of the current year," the release added.

The board has recommended payment of a final dividend of 15% (previous year - 15%).

The company, on a stand-alone basis, posted a net profit of Rs 66.28 crore for Q4FY07 as against Rs 67.88 crore in Q4FY06. Total income stood at Rs 537.65 crore for the quarter ended June 30, 2007 as against Rs 533.69  crore for the quarter ended June 30, 2006.

The company posted a net profit of Rs 250.75 crore for the year ended June 30, 2007 as against Rs 212 crore in FY06. Total income stood at Rs 2,173.45 crore for the year ended June 30, 2007 when compared with Rs 1,884.37 crore in FY06.