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Murugappa Group registers robust growth of 12 per cent in turnover

ANI 

Group registered a growth of 12 per cent in turnover at Rs 36,893 crores during 2018-19 (last year Rs 33,079 crore).

Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) posted a growth of 12 per cent, at Rs 5,190 crore (last year Rs 4,618 crore). Profit after Tax was Rs 2,880 crore (last year Rs 2,432 crore) registering a growth of 18 per cent.

A: Company-wise Performance:

Figures in Rupees Crores

B: Market Capitalisation

Market Capitalisation of the listed companies of the group aggregates to Rs 66,000 crore as of March 31, 2019.

C: Major Initiatives

1. announced its plan to launch its housing finance subsidiary, subject to the approval from Board.

2. bought back 50 equity shares at a price of Rs 140 per share.

3. in association with and Monash University, set up the

4. Universal has initiated the capacity expansion of coated maker plant at Sriperumbudur.

5. Tube Investments has commissioned new plants for Tubes at Rajpura and undertaken capacity expansion in Metal Forming

6. has successfully commissioned back-end refinery at Haliyal.

7. MS renewed its bancassurance tie-up with for a further period of five years, for the third consecutive time.

8. rechristened as Cholamandalam Financial Holdings Limited.

9. Coromandel International's capacity expansion of at is on track.

D: Capital Expenditure

Aggregate capital expenditure programmes towards expansion/debottlenecking/modernising/digital infrastructure facilities across group companies were over Rs 750 crore during the year.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 17:14 IST
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