1. CMI Limited announces its first ever interim dividend of 10%

CMI Limited announces its first ever interim dividend of 10%

CMI Limited has announced its first ever interim dividend of 10%.

By: | Updated: December 6, 2015 1:27 AM

CMI Limited has announced its first ever interim dividend of 10%.

The revenues were at Rs. 57.5 Crore in Q2 2015-2016, an increase by over 79% on a YoY basis, up from Rs. 32.08 Crore of Q2 2014-15. The revenues also marked an increase of 27% on a QoQ basis as against Rs. 45.32 Crore of Q1 of 2015-16.

The Profit after Tax (PAT) at Rs. 4.02 Crore in Q2 2015-2016, as against Rs. 1.17 Crore in Q2 of 2014-15, marked an increase of 244% in profitability.

The earning per share(EPS) was Rs. 3.26 in the quarter ended September 30, 2015, up from Rs. 2.48 in Q1, 2015-16. The EPS for Q2 of 2014-2015 was Rs. 1.17.

“We are very happy to announce our maiden interim dividend. With our order book robust, our expansion plans on track and our inorganic growth better than expected, we expect better than ever year”, said Amit Jain, Chairman and Managing Director, CMI Limited.

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