Greaves Cotton Q4 PAT up 134%

MUMBAI (makemystocks): Greaves Cotton Ltd. (BOM: 501455), today declared that during the quarter ending March 2010, company's net profits were recorded at Rs.3361 lakhs up by 134 % against Rs. 1437 lakhs for the corresponding period last year.

In its financial results announced after market hours on Tuesday, April 27, 2010, the company mentioned that its net sales for quarter ended March 2010, Rs. 35,789 lakhs as against Rs. 24,033 lakhs recorded in the same period in FY 2009.

The total expenditure for the quater ended 31st March, 2010, is recorded at Rs. 30,620 lakhs as against Rs. 22,088 lakhs during the same period last year.

Greaves Cotton Ltd has announced that the Board of Directors of the Company at its meeting held on April 27, 2010, inter alia, has declared Third Interim Dividend at the rate of Rs. 2/- (Rupees Two only) per share for the current financial year 2009-10. Thus, including the First Interim Dividend and Second Interim Dividend of Re. 1/- and Rs. 1.50 per share respectively, already declared and paid by the Company, the total Interim Dividend so far declared by the Company works out to Rs. 4.50 per share, for the current financial year 2009-10.

The scrip gained by 2.83 per cent from previous close, on the Bombay Stock Exchange today. The stock has hit a 52 week high at Rs. 355.85 and 52 week low at Rs. 80, on the Bombay Stock Exchange.