Financial Daily from THE HINDU group of publications
Tuesday, Apr 27, 2004
Financial Daily from THE HINDU group of publications Tuesday, Apr 27, 2004 |
||
|
|
||
|
Corporate Results
-
Engineering Elgi Equipments posts rise in net sales, profit in Q4 Our Bureau
Coimbatore , April 26 ELGI Equipments Ltd, manufacturers of compressors and automotive equipment, has witnessed a substantial increase in net sales and net profit in the fourth quarter of 2003-04 compared to the corresponding period in 2002-03. The company's full year sales performance recorded a 31 per cent increase while its profit before tax (PBT) saw a jump of 74 per cent. The net sales (less excise duty) in the fourth quarter stood at Rs 77.09 crore against Rs 68.12 crore. The profit after tax was Rs 11.9 crore (Rs 7.1 crore). However, the profit after extraordinary items such as VRS compensation and actionable claim written off was less at Rs 2.5 crore (Rs 4.09 crore). For the full year, the company recorded net sales (less excise duty) of Rs 290.51 crore (Rs 221.39 crore) and the profit after providing for extraordinary items was Rs 19.05 crore (Rs 11.39 crore). The board has declared a final dividend of 60 per cent taking the total dividend to 120 per cent for the full year.
More Stories on : Engineering
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|