As the season of financial results is on, Linde India Limited has reported results for Q4FY23 and year ended on March 31, 2023.
In comparison to the same quarter last year, the company’s net profit for the fourth quarter which ended on March 31, 2023, increased by 50.42% to Rs 99.25 crore from Rs 65.98 crore. In Q4FY23, the company’s total net revenue increased by 18.91% from Rs 548.25 crore to Rs 651.93 crore in a similar quarter the year prior.
The company reported Rs 538.06 crore in net profit for the last fifteen months ended on March 31, 2023, from Rs 507.22 crore ended on December 31 2021. In the same period, the company’s net revenue went to Rs 3239.49 crore from Rs 2166.62 crore.
The company’s Board of directors has recommended a dividend of Rs 4.5 per equity share and a special dividend of Rs 7.5 per equity share, which makes a total of Rs 12 per equity share on a face value of Rs 10 per equity share for the fifteen-month period from January 1, 2022, to March 31, 2023.
In the last trading session, the scrip closed at Rs 3873.55. Today it opened at Rs 3944 and currently it is trading at Rs 4000, up by 3.26%. Till now it has touched a high of Rs 4050 and a low of Rs 3944. So far total 1927 shares were traded over the counter at BSE. The BSE group ‘A’ stock has a market cap of around Rs 34,100 crore. It has a 52-week high of Rs 4265.50 and 52-week low of Rs 2711. Linde India, formerly BOC India (BOCI), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. The company owns one of the Asia’s largest air separation units. The company owns more than 20 manufacturing units, 40 warehouses and depots, 100 dealers and more than 100 dedicated tankers in the distribution fleet.