Tata Tea FY'10 net rises 146%

Total income has increased to Rs 1,836.84 crore versus Rs 1,524.64 crore, registering a growth of 20.47 per cent.

As per the consolidated results, the group posted a net profit of Rs 390.30 crore as compared to Rs 700.55 crore, a dip of 44.28 per cent.   Consolidated total income increased from Rs 4,907.30 crore to Rs 5,854.98 crore.

This  includes profit on sales of shares of Rallis India, an associate company, of Rs 247.72 crore which is included under exceptional items net of amortization of amounts incurred on Employee Seperation Scheme of Rs 8.78 crore and costs on new business initiatives of Rs 5.96 crore reduced by profit on sale of long term investments of Rs 5.14 crore.
Tata Tea has recommended a dividend of Rs 20 per equity shares of Rs 10 each.