During FY14, Indag Rubber posted a net profit of Rs27.54 crore despite its flat sales. The company declared a final dividend of 65% or Rs6.5 per share
Indag Rubber Ltd reported a 10.3% higher net profit during the 12 months that ended on 31 March 2014. The tyre retreading and manufacturing company declared a final dividend of 65% or Rs6.50 per share.
For FY14, Indag Rubber said its net profit grew 10.29% to Rs27.54 crore from Rs24.97 crore while its total revenues, including sales declined marginally to Rs232.46 crore from Rs235.26 crore, a year ago period.
Indag Rubber's total assets increased to Rs133.25 crore from Rs110.76 crore a year ago period.
As on 31 March 2014, Indag Rubber promoters reduced their shareholding to 75% from 77.05%, following new SEBI norms (promoter holding should not exceed 75%). The company does not have any FII shareholding. The DII shareholding stood at 0.04%, while public shareholding increased to 24.96% from 22.95% in the same period a year ago.
In its quarter to end-March Indag Rubber said its net profit fell 3.21% to Rs6.34 crore from Rs6.55 crore while its total revenues, including sales, declined marginally to Rs55.69 crore from Rs55.97 crore a year ago period.
On 11th April, Indag Rubber hit its 52-week high at Rs337.15 on BSE.
Indag Rubber closed Friday 10% up at Rs337.10 on the BSE, while the 30-share benchmark Sensex ended the week flat at 22,628.
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