Raymond posts Q4 net profit of Rs.106.70 million, recommends 50% dividend

Raymond Ltd has announced the Audited results for the quarter & year ended March 31, 2007.

The results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 106.70 million for the quarter ended March 31, 2007 as compared to Rs 348.10 million for the quarter ended March 31, 2006. Total Income (net of excise) has decreased from Rs 4002.20 million for the quarter ended March 31, 2006 to Rs 3570.90 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 2021.20 million for the year ended March 31, 2007 as compared to Rs 1210.00 million for the year ended March 31, 2006. Total Income (net of excise) has decreased from Rs 13942.10 million for the year ended March 31, 2006 to Rs 13542.10 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007: The Group has posted a net profit of Rs 1399.90 million for the year ended March 31, 2007 as compared to Rs 1360.30 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 17932.10 million for the year ended March 31, 2006 to Rs 21187.20 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on April 27, 2007, inter alia, has recommended a dividend of 50% on the Equity Share Capital for the year 2006-2007. The dividend, if sanctioned by the Shareholders, will be paid on or after June 19, 2007.

Source : Equity Bulls

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