Tata Chemicals today reported a consolidated net profit at Rs 648.10 crore for the financial year ended March 31, 2009, while the same was Rs 964.40 crore in the year-ago period.
The total income at the end of 2009 fiscal stood at Rs 12,341.04 crore, as against Rs 6,607.01 crore in the year-ago period, Tata Chem said in a Bombay Stock Exchange filing.
The results for FY09 are not comparable with that of the corresponding period last fiscal as it includes profit of its US-subsidiary General Chemicals Industrial Products (GCIP), which it acquired in March last year, it added.
The board has approved a dividend of 90 per cent at the rate of Rs 9 a piece, on shares of face value of Rs 10, for the financial year ended March 2009.
The earnings figure of FY09 also include interest of Rs 113.41 crore on the external commercial borrowings of $475 million the company made to part finance the acquisition of GCIP. During the year the firm had a notional exchange loss of Rs 110.66 crore on the aforesaid loan, the filing said.
On a standalone basis, the company posted a net profit of Rs 452.05 crore in the fiscal ended March 2009, while it had a net profit of Rs 949.18 crore in the previous fiscal.
The standalone total income stood at Rs 8,517.67 crore at the end of FY09, while it was at Rs 4,677.37 crore in FY08.
Shares of Tata Chem closed at Rs 226.05, up 2.07 on the BSE today.
