Ingersoll Rand Q4 net profiit at Rs.88.80 million, declares 30% dividend

Ingersoll Rand India Ltd has announced the results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 88.80 million for the quarter ended March 31, 2007 as compared to Rs 95.90 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1381.60 million for the quarter ended March 31, 2006 to Rs 1609.60 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 464.80 million for the year ended March 31, 2007 as compared to Rs 309.60 million for the year ended March 31, 2006. Total Income has increased from Rs 5097.10 million for the year ended March 31, 2006 to Rs 6264.50 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on April 28, 2007, inter alia, has recommended payment of a final dividend of Rs 3/- per share (30%) after considering the audited accounts for the year ended March 31, 2007.

The final dividend will absorb Rs 94,704,000/- (excluding dividend distribution tax).

The Register of Members & Share Transfer Books of the Company will remain closed from July 06, 2007 to July 13, 2007 for the purpose of Payment of final dividend for the year ended March 31, 2007, and the final dividend will be paid on July 30, 2007.

Source : Equity Bulls

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