Engineers India Q4 profit after tax at Rs.42.52 crores, recommends 60% final dividend

Engineers India Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 425.20 million for the quarter ended March 31, 2007 as compared to Rs 356.40 million for the quarter ended March 31, 2006. Total Income has decreased from Rs 2010.90 million for the quarter ended March 31, 2006 to Rs 1895.50 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 1429.90 million for the year ended March 31, 2007 as compared to Rs 1386.40 million for the year ended March 31, 2006. Total Income has decreased from Rs 8571.50 million for the year ended March 31, 2006 to Rs 6533.50 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit of Rs 1451.30 million for the year ended March 31, 2007 as compared to Rs 1428.30 million for the year ended March 31, 2006. Total Income has decreased from Rs 8692.70 million for the year ended March 31, 2006 to Rs 6632.70 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended 60% as final dividend on the paid up share capital. The total dividend for the year 2006-07 works out at 95% of paid up share capital including an interim dividend @ 35%. The above is subject to the approval of shareholders in AGM.

Source : Equity Bulls

Keywords