Mumbai, June 29 (PTI): Britannia Industries Ltd has posted a 19.87 per cent rise in net profit at Rs 118.8 crore for the fiscal ended March 31, 2004 compared with Rs 99.1 crore in the previous year.

The board has proposed a dividend of Rs 11 per share for 2003-04, subject to the shareholders approval, the company informed the Bombay Stock Exchange today.

Total income rose to Rs 1,494.2 crore from Rs 1,328.8 crore in 2002-03.

For the fourth quarter ended March, net profit and total income increased to Rs 30.3 crore (Rs 29.1 crore) and Rs 393.3 crore (Rs 339 crore) respectively.

The board has decided to buy back up to 25 lakh shares of the company from the open market at a price not exceeding Rs 650 per share resulting in a maximum outgo of Rs 76 crore. This is also subject to necessary approvals,

Jindal Iron & Steel net up

Jindal Iron & Steel Co Ltd has posted a higher net profit of Rs 242.7 crore for the last financial year against Rs 120.98 crore reported in the year before.

The total income for the reporting period rose to Rs 2,200.64 crore from Rs 1,558.42 crore in 2002-03, the company informed the BSE today.

The net profit and total income for the fourth quarter ended March 31, 2004 stood at Rs 124.52 crore (Rs 66.16 crore) and Rs 696.35 crore (Rs 533.45 crore) respectively, it said.

IndusInd Bank net soars

IndusInd Bank Ltd has reported a 190.64 per cent rise in net profit at Rs 262.07 crore for the fiscal ended March 31, 2004 compared with Rs 90.17 crore posted in the previous financial year.

The board has recommended a dividend of 17.5 per cent and a special dividend of 5 per cent on the occasion of the 10th anniversary of the bank, managing director and CEO Bhaskar Ghose said.

Total income was higher at Rs 1,331.08 crore (Rs 1,000.7 crore), he said.

For the fourth quarter ended March 31, the bank’s net profit and total income stood at Rs 48.73 crore (Rs 3.66 crore) and Rs 320.35 crore (Rs 290.11 crore) respectively.

Colgate net at Rs 108 crore

Colgate-Palmolive India Limited has posted a higher net profit of Rs 108 crore for 2003-04 against Rs 88.66 crore a year earlier.

The board has not recommended a final dividend for the last fiscal. However, it declared first interim dividend of 15 per cent for the current financial year, the company said today.

The FMCG major has paid three interim dividends aggregating 60 per cent in 2003-04.

Net sales for the reporting year declined to Rs 939 crore from Rs 947 crore in the previous financial year, the release added.

Net profit and total income for the fourth quarter ended March 31 stood at Rs 36.68 crore (Rs 29.77 crore) and Rs 236.84 crore (Rs 251.74 crore).

D-link India posts profit

D-link India Ltd has posted a 41.86 per cent rise in net profit at Rs 31.38 crore for the fiscal ended March 31, 2004 compared with Rs 22.12 crore in the previous fiscal.

The board has recommended a final dividend of 40 per cent for 2003-04, the company informed the BSE today.

Total income (net of excise) has increased to Rs 228.13 crore from Rs 192.16 crore in the previous year.

For the fourth quarter ended March, net profit and total income rose to Rs 7.54 crore (Rs 7.12 crore) and Rs 69.93 crore (Rs 61.39 crore) respectively.

Abbott India Q2 net dips

Abbott India Ltd reported a marginal fall in net profit at Rs 23.1 crore for the second quarter ended May 31, 2004 compared with Rs 23.19 crore posted in the same period last fiscal. Total income increased to Rs 112.76 crore for the period under review from Rs 101.43 crore last year, the company informed the BSE today.