Sbi Gilts Bottomline Increases 1.05% At Rs 31.87 Crore

SBI Gilts Ltd has posted a 1.05 per cent jump in net profit at Rs 31.87 crore for the financial year 2000-01, while gross profit increased by 4.05 per cent to Rs 52.38 crore (Rs 50.34 crore).

Total income of the company jumped by 20.11 per cent to Rs 139.22 crore (Rs 115.91 crore), while earning per share improved to Rs 3.19 (Rs 3.15).

Reserves and surplus jumped by 25.19 per cent to Rs 81.70 crore. The capital adequacy ratio of the company stood at 34.58 per cent against the Reserve Bank of India (RBI) stipulated 15 per cent.

The company has declared a 14 per cent dividend for the year 2000-01 as against 12 per cent in the previous fiscal.

The emphasis of the company during the current financial year will be on retailing of government securities. It will announce major initiatives to that direction during the year.

It has already completed the computerisation of its operations. Among other initiatives, the primary dealer has adopted the code of corporate governance as recommended by the Kumar Managlam Birla Committee.