From correspondents in Maharashtra, India, 07:31 PM IST

The Tata group promoted Voltas Ltd Thursday announced a profit after tax (PAT) of Rs.2.08 billion ($52.09 million) for the fiscal year 2008, an increase of nearly 12 percent over the last fiscal.

The total income increased to Rs.30.87 billion ($771.88 million), for the year that ended March 31, 2008, from Rs.24.58 billion ($614.65 million) a year ago, a company statement said.

The company has declared a dividend of 135 percent for its shareholders for the 2008 fiscal.

(Staff Writer, © IANS)