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Kalpataru Power To Pay 75% Dividend For FY13

Kalpataru Power Transmission Ltd. said its board had recommended a dividend of 75 percent or Re1.50 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.137.65 crore, down by 17 percent from the Rs.164.90 crore in 2012. Total net income, including other operating income, grew by ten percent to Rs.3,335.40 crore from the Rs.3,032.72 crore last year.

On a consolidated basis, its net profit, after minority interest and share of associates, stood at Rs.129.50 crore, down by 32 percent from the Rs.188.67 crore a year ago. Total net income, including other operating income, was Rs.6,085.03 crore, compared with Rs.5,302.01 crore last year, an increase of 15 percent.

As on March 31 this year, company had consolidated order book of above Rs.12,400 crore.

At the BSE, Kalpataru Power Transmission shares are currently trading at Rs.78.50, down 1.88 percent from the previous close.

by RTTNews Staff Writer

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