Texmaco, a K K Birla Group engineering company, has announced 19 per cent dividend for workmen for the year 2007-08, as against a 15 per cent bonus last fiscal.
The dividend to the equity shareholders was raised to 75 per cent for FY08 against 40 per cent in the preceding fiscal. The company recorded 101 per cent rise in net profit during the first quarter of the current fiscal at Rs22.82 crore, compared to the same period last year, on the back of its heavy engineering division.
Sales grew by 46 per cent on a year-on-year basis to Rs 280.43 crore.
