Shalimar Paints' shares touched 20% upper circuit, on reporting a healthy 69% year-on-year (y-o-y) growth in net profit at Rs6 crore for the quarter ended March 2012. Net sales grew 14% at Rs147 crore on y-o-y basis.
The operating profit margins of the paints maker has improved by 400 bps at 9.72%, while the net profit margin moved up by 133 bps at 4.07% during the recently concluded quarter.
Meanwhile, the board of directors has recommended a dividend of 100% or Rs10 per equity shares of face value Rs10 each for the financial year ended March 31, 2012.
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The operating profit margins of the paints maker has improved by 400 bps at 9.72%, while the net profit margin moved up by 133 bps at 4.07% during the recently concluded quarter.
Meanwhile, the board of directors has recommended a dividend of 100% or Rs10 per equity shares of face value Rs10 each for the financial year ended March 31, 2012.
....more info