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DIVIDEND ANNOUNCEMENT
25 July 2014
Date of Announcement: - 25.Jul.2014
Dividend per Share: - Rs. 5.00 per share / Second Interim Dividend
Financial Year: - 2014
XD: - 06.Aug.2014
Payment: - 15.Aug.2014
Share Transfer Book Open
This quarter dividend up as expected. Normally they give 15.00 per year ( 3+3+4.5+4.5 ) but this year this will be further up.
And last Friday they have released their finacials. The second quarter earnings recorded an increase of 20% compared to last year corresponding period and earnings for the six months ended June'14 recorded an increase of 8% mainly due to increased gross margins
This was happened despite the YTD Finance income has declined compared to last year due to the utilization of cash reserves for the plant relocation related activities.
So gross margins will be high in future due to new plant related advantages. I think this is a very good share that every investor should keep at least 100 shares under their name.
