Max India Q2 profit at Rs 1.99 crore
Max India today reported net profit of Rs 1.99 crore for the July-September quarter of 2013-14.
By PTI |
NEW DELHI: Max India today reported net profit of Rs 1.99 crore for the July-September quarter of 2013-14.
It had a standalone loss of Rs 17.43 crore on for the same period of the last fiscal.
The total income rose to Rs 210.64 crore from Rs 182.80 crore in the year-ago period, Max India said in a BSE filing.
The consolidated profit before tax for the second quarter rose by 116 per cent to Rs 93 crore. The operating revenue registered an increase of 12 per cent to Rs 2,158 crore, the company said in a statement.
The board of the company have proposed an interim dividend of 90 per cent, translating to Rs 1.80 per share and aggregating to Rs 48 crore.
"This positive financial performance, a healthy balance- sheet and a comfortable liquidity position has led the board of directors to approve an interim dividend of 90 per cent. I am confident that our commitment to core values and strategies will continue to deliver superior results in the future," Rahul Khosla, Managing Director, Max India said.
During the first half of the current fiscal, company's net profit on standalone basis dropped by 80 per cent at Rs 103.13 crore, as against Rs 519.11 crore in H1, 2012-13.
The total income declined to Rs 489.38 crore in the first six months from Rs 1082.49 crore in the year-ago period.
It had a standalone loss of Rs 17.43 crore on for the same period of the last fiscal.
The total income rose to Rs 210.64 crore from Rs 182.80 crore in the year-ago period, Max India said in a BSE filing.
The consolidated profit before tax for the second quarter rose by 116 per cent to Rs 93 crore. The operating revenue registered an increase of 12 per cent to Rs 2,158 crore, the company said in a statement.
The board of the company have proposed an interim dividend of 90 per cent, translating to Rs 1.80 per share and aggregating to Rs 48 crore.
"This positive financial performance, a healthy balance- sheet and a comfortable liquidity position has led the board of directors to approve an interim dividend of 90 per cent. I am confident that our commitment to core values and strategies will continue to deliver superior results in the future," Rahul Khosla, Managing Director, Max India said.
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During the first half of the current fiscal, company's net profit on standalone basis dropped by 80 per cent at Rs 103.13 crore, as against Rs 519.11 crore in H1, 2012-13.
The total income declined to Rs 489.38 crore in the first six months from Rs 1082.49 crore in the year-ago period.
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