BWCL: Bestway Cement Limited Financial Results - 3rd Quarter Ended March 31, 2024 Interim Cash Dividend: Rs 6/- per share EPS: Rs 5.93 (down from Rs. 5.99 same quarter last year) Positive Performance Overshadowed by Financial Charges While Bestway Cement Limited (BWCL) saw strong growth in turnover (16%), gross profit (35%), and operating profit (36%) compared to the third quarter of last year, a significant increase in financial charges (from Rs 1.44 billion to Rs 2.86 billion) impacted the overall profitability. This rise in financial charges more than doubled year-over-year, limiting profit before tax growth to just 14%. Additionally, a higher tax rate of 36% compared to 26% in the previous quarter further affected profit after tax, which declined slightly to Rs. 3.53 billion. BWCL pays dividends consistently. For the Financial Year 2024 it has already paid Rs 12/- per share as interim cash dividends in addition to Rs 6/- cash dividend announced with third quarter results. BWCL is ...
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