Hindalco FY06 net up 24%, to pay Rs 2.20/shr

Hindalco Industries today posted a 24% increase in net profit at Rs 1,655.50 crore for the year ended March 31, 2006 when compared with Rs 1,329.40 crore in FY05.

According to a release issued by the company to the BSE today, total income increased to Rs 11,640.40 crore in FY06 from Rs 9,793.10 crore in FY05.

The company posted a net profit of Rs 626.30 crore in Q4FY06 as against Rs 448.50 crore in Q4FY05. Total income increased to Rs 3,731.70 crore from Rs 2,590.60 crore in Q4FY05.

The board has recommended the following dividend: a) Rs 2.20 per share on fully paid-up equity share of Re 1/- each, and b) Re 0.65 per share on partly paid-up equity share of Re 1/- each, the release added.