Guj Ambuja plans 1:2 bonus, 1:5 split

Gujarat Ambuja Cements has reported a consolidated net profit of Rs 155.60 crore for the third quarter ended March 31, 2005 as against Rs 158.63 crore in Q3FY04.

According to a release issued by the company to the BSE today, total income increased to Rs 910.50 crore from Rs 725.93 crore in Q3FY04.

The company, on a stand-alone basis, reported a net profit of Rs 143.11 crore in Q3FY05 as against Rs 145.23 crore in Q3FY04. Total income increased to Rs 675.88 crore from Rs 592.63 crore in Q3FY04.

"The figures for the current quarter includes figures for the erstwhile Ambuja Cement Rajasthan, which was merged with the company w.e.f. June 1, 2004. Accordingly, figures for the current quarter are not comparable with those of the corresponding quarter of the previous year," the release added.

The board has approved an interim dividend of 60% i.e Rs 6 per share, and bonus shares in the ratio of 1:2 i.e one equity share for every 2 shares held.

"The board also approved a proposal to split existing equity shares of with a face value of Rs 10 each into equity shares with a face value of Rs 2 each, subject to approval of the shareholders," the release added.