Electrosteel Castings Q4 net profit at Rs 337m
By Pradeep Rane | 17 Jun 2002
Mumbai: Electrosteel Castings Ltd has posted a net profit of Rs 336.90 million for the quarter ended 31 March 2002 as compared to Rs 152.50 million for the quarter ended 31 March 2001. The total income has increased from Rs 1,552.90 million in MQ01 to Rs 1,836.80 million in the quarter ended 31 March 2002.
The company has posted a net profit of Rs 846.10 million in the year ended 31 March 2002 as compared to Rs 631.70 million in the year ended 31 March 2001. The total income has increased from Rs 5,009.90 million in the year ended 31 March 2001 to Rs 5,401.50 million in the year ended 31 March 2002.
The board has recommended a dividend of Rs 10 per share (100 per cent) for the year ended 31 March 2002.
Electrosteel Castings had acquired 1,76,00,000 (representing 48.89 per cent) equity shares of Lanco Kalahasthi Castings Ltd, a company carrying on the business of producing cast iron and ductile iron-spun pipes, which has its works at Kalahasthi, Andhra Pradesh. Electrosteel has already taken control and management of the company. The transaction was completed at the board meeting held recently.