Financial Daily from THE HINDU group of publications
Saturday, Dec 18, 2004
Financial Daily from THE HINDU group of publications Saturday, Dec 18, 2004 |
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Corporate
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Announcements BHEL declares 35% interim Our Bureau
Bangalore , Dec. 17 BHARAT Heavy Electricals Ltd has declared an all-time high interim equity dividend of 35 per cent for fiscal 2004-05. Last year, it declared a 30 per cent interim dividend. In 2003-04, BHEL paid a total dividend of 60 per cent, including the interim one. During the first six months of the current fiscal, BHEL recorded a significant growth. Net sales/income from operations grew 12.69 per cent to touch Rs 3189.3 crore. The profit before tax (PBT) grew 103.82 per cent and the profit after tax (PAT) grew 101.93 per cent. With cumulative orders of nearly Rs 28,800 crore in hand, BHEL said it also expected to achieve a healthy top and bottom line growth during the current fiscal. BHEL ended fiscal 2003-04 with an all-time high turnover of Rs 8,662 crore, up 15.8 per cent. Its PAT stood 48 per cent higher at Rs 658 crore compared to the previous fiscal. PBT reached the four-digit mark at Rs 1,015 crore. The earnings per share (EPS) was Rs 26.89. The company has maintained an uninterrupted profit-earning trend for over three decades, a release said. The PBT has vaulted past the Rs 1,000-crore mark at Rs 1,015-crore and its EPS has grown by 48 per cent at Rs 26.89.
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