Texmaco board to consider Stock Split

Texmaco board to consider dividend and stock split in their upcoming meeting.  A meeting of the board of directors of Texmaco, will be held on May 16, 2008, to consider financial results of the company for the year ended Mar. 31, 2008 and further the board will consider dividend and Stock Split of equity shares of the company.

Texmaco announced a phenomenal rise in standalone net profit for the quarter ended December 2007. During the quarter, the profit of the company rose 2.07 times to Rs 145.81 million from Rs 70.29 million in the same quarter, last year.

Texmaco Net sales for the quarter jumped 84.66% to Rs 1,605.43 million, while total income for the quarter jumped 85.10% to Rs 1,625.18 million, when compared with the prior year period. The company posted earnings of Rs 14.12 a share during the quarter, registering 2.07 times growth over prior year period.

Shares of Texmaco gained Rs 29.65, to close at at Rs 1,459.8 on the BSE. Texmaco Stock Split Ratio and record date will be known only after the board meeting. Do check back for Texmaco Stock Split Details.