Dalmia Bharat Recommends A Final Dividend Of Rs 2.20 Per Share

Dalmia Bharat, a leading cement manufacturing company on Wednesday announced its financial results for the year ended March 31, 2017. The company during a board meeting held on May 10, 2017, reported a profit after tax of Rs 184 crore for the quarter ended March 2017, a jump of 94% as against Rs 95 crore for the same quarter of the previous year.

It also posted a profit after tax of Rs 345 crore for the financial year 2017, an increase of 81% as against Rs 190 crore for the financial year 2016, as per BSE filing. The board also recommended a final dividend of Rs 2.20/- (110%) per equity share of face value of Rs 2/- per share for the financial year 2016-17, as per BSE filing.

The stock is trading at Rs 2446 per share up by 3.3% at 10:01 AM IST on the BSE. It also hit an intraday high of Rs 2480.75. Dalmia Bharat Limited operates as a cement manufacturing company. The company's segments include own manufactured cement, refractory, management services and others.

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