Greaves Cotton Ltd. said its board recommended a final dividend of ten percent or Re.0.20 per equity share of Rs.2 each for the fiscal year 2012.
The company said the books of the company would remain closed from July 24 to July 31, 2012 (both days inclusive) for the purpose of payment of final dividend. The said dividend, upon approval by the shareholders, will be paid on August 10.
The company clocked a net profit of Rs.77.74 crore for the third-quarter, compared with Rs.46.66 crore for the quarter ended March 31, 2011. Total income from operations stood at Rs.445.41 crore, down from Rs.453.67 crore in the year-ago quarter.
At the BSE, Greaves Cotton closed Friday's trading at Rs.76.85, down 3.21 percent from the previous close.
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