Greaves Cotton Recommends Dividend Of Re.0.30/sh

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Greaves Cotton Ltd.’s board has recommended an interim dividend of 15 percent or Re.0.30 per equity share of Rs.2 each for the fiscal year 2014. The interim dividend will be paid to the eligible members on or after October 04, 2013.

For the first quarter, the company posted a stand-alone net profit of Rs.31.76 crore, up by one percent from the Rs.31.55 crore in the corresponding quarter of the preceding year. Net sales and other operating income stood at Rs.412.28 crore, higher by one percent than the Rs.412.06 crore in the year-ago quarter.

At the BSE, Greaves Cotton shares are currently trading at Rs.58, up 1.67 percent from the previous close.

Source: rttnews.com

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