Hyderabad, May 30 (Maxim News): Hyderabad-based Mishra Dhatu Nigam Limited (MIDHANI), a Mini Ratna Defence Public Sector Undertaking achieved Best Ever VoP of 814.83 crores for the year ended FY 2018-19 registering a growth of 16.79% over the VoP of, 697.68 Crores achieved last year.
The Company achieved a Net Turnover of, 710.85 Crores for the year ended F.Y. 2018-19 registering a growth of 7.43 % over the net Turnover of, 661.69 Crores. The operating profit stood at, 154.15 Crores for the year ended FY 2018-19. The Profit Before Tax (PBT) stood at , 191.05 Crores for the year ended FY 2018-19 as against the previous year PBT of, 198.25 Crores. PBT for FY 2017-18 included exceptional income of, 6.38 Crores.
The Company achieved Profit After Tax (PAT) of, 130.56 Crores for the year ended FY 2018-19 compared to previous year PAT of, 131.26 Crores. The effective tax rate for 2018-19 worked out to 25.87% as against 30.16% for 2017-18. The lower in tax liability is primarily due to IT depreciation & R&D weighted benefits. The Company recorded Best Ever net Turnover of, 336.43 Crores for the 4th Quarter of FY 2018-19 as against a net Turnover of, 310.86 Crores for the corresponding period of the previous year (growth 8.23%). The Profit Before Tax of , 114.85 Crores for the Quarter was commensurate with the Turnover achieved during the quarter.
The Company recorded Best Ever Profit After Tax (PAT) of, 80.29 Crores for the 4 Quarter of FY 2018-19.
The order book position as on 01-04-2019 stood at, 1660 Crores. With this order book and further orders in pipeline, the Company looks forward for good growth with commensurate profitability in the current financial year FY 2019-20. During the F.Y. 2018-19, the company paid an interim dividend of, 1.68 per equity share and further proposes to pay another, 0.51 per equity share as final dividend for 2018-19. This works out to 31.43% on PAT which is the highest dividend as against 30% of PAT for the previous year. (Maxim News)
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