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Corporate Results - Diversified

DCM Shriram Consolidated Q2 net up 45.6 pc

Our Bureau

NEW DELHI: DCM Shriram Consolidated Ltd (DSCL) has registered net sales of Rs 558.9 crore during the second quarter ended September 30, 2005, a 25.3 per cent growth over the previous year. Net profit increased by 45.6 per cent to Rs 26.1 crore.

For the first six months, net sales grew by 48.5 per cent to Rs 1,142.9 crore. Profit-after-tax almost doubled to Rs 64.7 crore.

The Board of Directors of the company have also recommended an interim dividend of 20 per cent, amounting to a payout of Rs 7.57 crore (including dividend tax). The company has allotted additional shares post the announcement of bonus in the ratio of 1:1 and formalities with respect to split of face value of Rs 10 per share to Rs 2 per share have been completed.

After the bonus and the stock split, the equity share capital has increased to Rs 33.18 crore represented by 16.59 crore equity shares of Rs 2 each paid-up.

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