Manpasand Beverages Recommends Dividend Of Rs 1 Per Share

Manpasand Beverages on Tuesday informed the bourses that its board of directors have recommended a dividend of Rs 1 per share (10%) on the face value of Rs 10 per equity share for the financial year ended March 31, 2017.

The company also reported a 22.43% rise in net profit to Rs 31.33 crore for the quarter ended March 31 2017. It had posted a net profit of Rs 25.59 crore in the same quarter of the previous year.

Meanwhile, Manpasand Beverages was up 1.1% at Rs 767.30 per share at 0916 hours IST on BSE. The stock has delivered more than 35% returns in a period of one year. It has also outperformed BSE Small-cap and BSE FMCG over the same period.

Manpasand Beverages Limited is engaged in the business of manufacturing of fruit juices in the beverages segment.

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