Birla Corporation, the flagship company of M P Birla group, on Wednesday posted 50.71 per cent rise in net profit at Rs. 101.19 crore for the fourth quarter ended March 31, as compared to Rs. 67.14 crore for the same period last year.
The total income (net of excise) grew 14.86 per cent to Rs. 455.91 crore for the quarter from Rs. 396.90 crore for the corresponding quarter a year ago, Birla Corporation informed the Bombay Stock Exchange.
The board of directors at its meeting today declared a 35 per cent dividend of Rs. 3.50 on 7.70 crore equity shares of Rs. 10 each.
The company recorded a net profit of Rs. 326.23 crore for the year ended March 31, as against Rs. 125.76 crore last fiscal and the total income (net of excise) increased to Rs. 1,593.41 crore from Rs. 1,228.60 crore in the period under consideration.
The group posted a net profit (after minority interest) of Rs. 325.48 crore for the year ended March 31, as compared to Rs. 125.31 crore in the previous year and the total income (net of excise) grew to Rs. 1,593.45 crore from Rs. 1228.48 crore in the period under review.