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This is an archive article published on June 4, 1997
Bizbits 8212; Excel pays 75
Excel pays 75MUMBAI: Excel Industries has fared well during the year ended March 1997 and directors have stepped up the dividend to 75 f...
June 4, 1997 12:00 AM IST
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2 min read
Excel pays 75
MUMBAI: Excel Industries has fared well during the year ended March 1997 and directors have stepped up the dividend to 75 from 70 last year. The dividend will absorb Rs 8.18 crore Rs 7.63 crore and Rs 0.82 crore has been provided for tax on dividend.
The total income during the year amounted to Rs 365.92 crore Rs 312.06 crore and it earned a higher gross profit of Rs 44.20 crore against Rs 40.42 crore. After depreciation of Rs 6.88 crore Rs 5.15 crore and taxation of Rs 9.50 crore against Rs 9.75 crore, the net profit amounted to Rs 27.82 crore against Rs 25.52 crore last year.The reserves, excluding revaluation reserves, stood at Rs 122.44 crore.
Blue Star
MUMBAI: Blue Star Limited, the largest central airconditioning company, has maintained the equity dividend at 35 for the year 1996-97. The income rose from Rs 408.91 crore to Rs 440.84 crore. The gross profit before depreciation and taxation declined to Rs 33.10 crore from Rs 39.20 crore. The net profit after tax declined from Rs 25.18 crore to Rs 14.78 crore.
Enarai Finance
MUMBAI: Enarai Finance has decided to further slash the interest rate from 1-1.50 with effect from June 16. The company has decided to offer 16.5 interest on its one-year-and-one-day monthly income scheme.
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