Wide-Ranging Expansion

Wide-Ranging Expansion Hansavivek VOLTAS has once again turned in impressive working results. Although income from sales and services has increased marginally from previous year's Rs 281 crore to Rs 284 crore, gross profit has expanded from Rs 11.26 crore to Rs 14.55 crore. These figures reflect notable increase in margins. Net profit is also higher at Rs 4.73 crore against Rs 3.92 crore and dividend raised by a point to 22 per cent is covered 2.73 times by earnings against 2.37 times previously. Rise in dividend rate is for sixth time running. Besides, shareholders have been offered opportunity of subscribing to an attractive combined offer of convertible and non-convertible bonds with conversion of former into equity share to be at par value of Rs 100, as against break-up value of Rs 321.