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Walchandnagar Stock Split + Bonus

November 26, 2007

Walchandnagar Industries has told us that its board has approved the issue of bonus shares in the ratio of (1:1) and splitting the face value of each share into five. The board also recommended a special dividend of Rs 10 a share.

The company’s net profit rose 118.81% to Rs 11.4 crore on 41.38% rise in total income to Rs 195.14 crore in Q4 September 2007 over Q4 September 2006. The net profit surged 167.56% to Rs 35.56 crore on 77.05% rise in total income to Rs 637.41 crore in FY 2007 over FY 2006.

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