Rajesh Exports To Pay 60% Dividend For FY12

5/30/2012 4:03 AM ET

Rajesh Exports Ltd. said its board recommended a dividend of 60 percent or Re.0.60 per equity shares of Re.1 each for the fiscal year 2012.

The company reported fourth-quarter net profit of Rs.90.19 crore, up by 78 percent from the Rs.50.70 crore in Q4FY11. Total income from operations increased by 37 percent to Rs.8,707.89 crore from the Rs.6,346.78 crore in the year-ago quarter.

For the fiscal year, its net profit rose by 64 percent to Rs.407.15 crore from the Rs.247.96 crore in 2011. Total income from operations totaled Rs.25,724.07 crore, compared with Rs.20,845.68 crore a year-ago, an increase of 23 percent.

At the BSE, Rajesh Exports share are currently trading at Rs.144.10, up 1.48 percent from the previous close.

Click here to receive FREE breaking news email alerts for Rajesh Exports Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

16 Articles

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.