Bimetal Bearings net up 31.03% in Mar`08 qtr
During the quarter, the company announced a rise in operating margin of 180.99 basis points to 11.11% on lower input cost. Interest cost increased 4.88 times to Rs 0.78 million while depreciation cost fell 10.27% to Rs 10.22 million over previous year period.
The board of directors of Bimetal Bearings, (Q, N,C,F)* at its meeting held on Jun. 18, 2008, has recommended a dividend of 70% for the year ended Mar. 31, 2008.
Shares of the company were last trading down Rs 0.85, or 0.42%, at Rs 200. The total volume of shares traded at the BSE was 21. (11.20 a.m., Thursday)
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