Nava Bharat Ventures Ltd. said its board had recommended a dividend of 250 percent of Rs.5.00 per equity share of Rs.2 each for the fiscal year 2013.
For the fiscal year, the company reported a stand-alone net profit of Rs.238.31 crore, up by 32 percent from the Rs.180.61 crore last year. Total net income, including other operating income, stood at Rs.1,124.20 crore, higher by 16 percent than the Rs.969.96 crore in 2012.
On a consolidated basis, its fiscal year net profit, after minority interest and share of associates, year fell by 33 percent to Rs.190.37 crore, up by percent from the Rs.284.13 crore a year-ago. Total net income, including other operating income, totaled Rs.1,142.17 crore, higher by 15 percent than the Rs.995.85 crore in 2012.
The dividend will be paid /dispatched to the shareholders on or after August 23, 2013.
At the BSE, Nava Bharat Ventures shares are currently trading at Rs.177, up 0.23 percent from the previous close.
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