Nestle India Q3 net up 14% at Rs131.76 cr

Nestle India Q3 net up 14% at Rs131.76 cr
PTI
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First Published: Fri, Oct 31 2008. 04 19 PM IST
Updated: Fri, Oct 31 2008. 04 19 PM IST
Mumbai: Food processing and dairy products major Nestle India said that its net profit for the third quarter ended 30 September grew 13.52% at Rs131.76 crore over the corresponding period a year ago.
The firm had a net profit of Rs116.06 crore for the July-September quarter last fiscal, Nestle India Ltd said in a filing to the Bombay Stock Exchange (BSE).
Total income rose to Rs1,115.79 crore for the quarter under review from Rs912.40 crore for the same quarter previous year.
For the nine-month ended 30 September, Nestle India registered a net profit of Rs412.99 crore, a 29% growth over the corresponding period a year ago.
The company had a net profit of Rs320.20 crore for the same period last fiscal.
While, its net income rose to Rs3,234.14 crore for the nine months ended 30 September from Rs2,608.70 crore for the same period a year ago.
Further, Nestle India announced the second interim dividend for this year at Rs14.80 per equity share. It has also approved the distribution of special dividend of Rs7.50 per equity shares under the scheme of arrangement between the company and the shareholders and creditors.
The company took a decision in this regard during the meeting of board of directors, Nestle India said in a separate filing to the BSE.
The company has fixed 17 November as the record date for the purpose second interim dividend and special dividend on the equity shares, it added.
Shares of Nestle India closed at Rs1,450, up 1.99% on the BSE.
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First Published: Fri, Oct 31 2008. 04 19 PM IST