Sterlite Q4 net at Rs 1,318 cr, declares 200 pc dividend

[N.Sukumar]

MUMBAI: Sterlite Industries India, the flagship company of Vedanta
Group on Saturday announced a consolidated net profit of Rs 1,318.41
crore for the fourth quarter ended March 31 against Rs 1,143.22 crore
a year ago.

Total income of the company rose to Rs 7,357.66 crore in the quarter
from Rs 6,500.08 crore in the same period last year.

On July 2006, the firm sold its power transmission line division and
the last year's figures have been regrouped. Hence, the figures of the
quarter are not comparable, the company said in a filing to the Bombay
Stock Exchange.

For the financial year ended March 31, the company announced a net
profit of Rs 4,399.37 crore against Rs 4,386.23 crore in the year-ago
period.

Sterlite Industries India announced a stand-alone net profit of Rs
306.45 crore for the quarter ended March 31 compared with Rs 209.18
crore in the corresponding period last year. Total stand-alone income
rose to Rs 3,617.35 crore for the quarter from Rs 3,073.1 crore in the
year-ago period.

For the fiscal, the company earned a net profit of Rs 951.63 crore
against Rs 784.03 crore a year ago. Total income for the year rose to
Rs 13,274.37 crore from Rs 12,027.26 crore.

The board of directors has declared a 200 per cent dividend at Rs 4 on
shares of Rs 2 each for the fiscal.

Shares of Sterlite Industries closed at Rs 835.90, up 3.69 per cent,
yesterday on the BSE.

Sorce : Economic Times