Kothari Products Ltd. has recommended a dividend of 200 percent or Rs.20.00 per equity share of Rs.10 each for the fiscal year 2013. The said dividend shall be paid on September 23, 2013.
For the fiscal year, the company reported a stand-alone net profit of Rs.59.07 crore, up by 12 percent from the Rs.52.65 crore last year. Total net income, including other operating income, stood at Rs.3,953.18 crore, higher by 20 percent than the Rs.3.303.22 crore in 2012.
On a consolidated basis, its fiscal year net profit, after minority interest and share of associates, year fell by 43 percent to Rs.87.09 crore, up by percent from the Rs.60.98 crore a year-ago. Total net income, including other operating income, totaled Rs..5,043.73 crore, higher by 28 percent than the Rs.3,939.40 crore in 2012.
At the BSE, Kothari Products shares are currently trading at Rs.366, down 0.27 percent from the previous close.
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