Sunday 19 May 2019
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business-standard - 3 days ago

Murugappa Group registers robust growth of 12 per cent in turnover

Murugappa 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 CroresB: Market CapitalisationMarket Capitalisation of the listed companies of the group aggregates to Rs 66,000 crore as of March 31, 2019.C: Major Initiatives1. Cholamandalam Investments announced its plan to launch its housing finance subsidiary, subject to the approval from National Housing Board.2. Shanthi Gears Limited bought back 50 Lakh equity shares at a price of Rs 140 per share.3. Coromandel International in association with IIT Bombay and Monash University, Australia set up the IIT MONASH Academy.4. Carborundum Universal has initiated ..


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