Tata Chemicals posted net profit of Rs 111.13 crore for the quarter ended March 31, 2005, registering a 275 per cent growth over Rs 29.65 crore for the previous corresponding quarter.

Total income (net of excise) has increased to Rs 739.23 crore for the quarter under review, a growth of 28.11 per cent as against Rs 577 crore, the corresponding quarter previous year.

For the year ended March 31, 2005, Tata Chemicals posted a net profit of Rs 340.55 crore, a growth of 54.42 per cent over Rs 220.53 crore, the previous year.

The board has recommended a dividend at Rs 6.50 per share of face value Rs 10 each, aggregating Rs 158.09 crore including dividend tax for 2004-05.