Redington (India) Ltd. said its board had recommended a dividend of 20 percent or Re.0.40 per equity share of Rs.2 each for the fiscal year 2013, to be paid on or before August 30.
For the first 12 months, the company's stand-alone net profit was Rs.171.37 crore compared with Rs.156.81 crore in the corresponding period last year, reflecting a nine percent growth. Total income from operations, including other operating income, amounted to Rs.10,409.67 crore, up by six percent from the Rs.9,840.40 crore for the comparable period a year ago.
On a consolidated basis, the company posted fiscal year consolidated net profit, after minority interest and share of profits of associates, of Rs.323.11 crore, up by ten percent from the Rs.292.74 crore last year. Total income from operations and other operating income, totaled Rs.24,164.86 crore from the Rs.21,192.99 crore last year, an increase of 14 percent.
At the BSE, Redington India closed Wednesday's trading at Rs.84.35, up 2.62 percent from the previous close.
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