Tata Steel today reported a net profit of Rs 8,982.69 crore for the year ended March 31, 2011.
The company had posted a net loss of Rs 2,009.22 crore for the year ended March 31, 2010, Tata Steel, said in a filing to the Bombay Stock Exchange (BSE).
Total income of the company increased 15.60% to Rs 1,19,734.10 crore for the year ended March 31, 2011 over Rs 1,03,578.97 crore for the same period previous fiscal.
In a separate filing to the BSE, the company said its board recommended a dividend of 120% of Rs 12 per share of Rs 10 each for the financial year ended March 31, 2011.
The company reported a 71.61% jump in consolidated net profit to Rs 4,177.14 crore for the fourth quarter ended March, 2011.
The company had recorded Rs 2,434 crore net profit in the corresponding quarter last fiscal, it said in a statement.
Turnover of the company rose to Rs 33,818 crore during the quarter against Rs 27,501 crore in the January-March quarter of the previous fiscal.
