Mumbai: Agro-chemicals major and Tata Group company Rallis India has announced 80% dividend for the financial year 2006-07.
“The Board of Directors have recommended a dividend of 80% for the financial year 2006-07,” Rallis India Managing Director V S Sohoni said here last evening while announcing the company’s annual results.
The company’s profit after tax (PAT) in 2006-07 was 39% higher at Rs 58.11 crore as compared to Rs 42.53 in the previous year.
The fourth quarter PAT ended on March 31, 2007, was 219% up at Rs 9.78 crore as compared to Rs 3.07% during the same quarter last year. Rallis annual sales rose up by 11.4% to Rs 702.75 crore from Rs 630.62 crore last year.
The company’s factories in Lote, Turbhe and Ankleshwar received the ‘5 Star´ rating from the British Safety Council recently.
The company’s success with newly-launched products like ‘Applaud´ and ‘Taqat´ helped its fourth quarter performance.