According to a BSE filing, its net profit during the quarter under review increased to Rs 2,545 crore from Rs 1,902 crore reported for the corresponding period of 2016-17.
The company's board of directors declared an interim dividend of 100 per cent i.e. Rs 2 per share on equity share of Rs 2 each with a record date fixed for the interim dividend of October 31, 2017.
The company added that as on September 30, 2017, its cash and cash equivalents was Rs 19,979 crore invested in high quality debt instruments.
The company also had Rs 593 crore of residual short term commercial paper out of Rs 7,908 crore raised in March 2017 to meet the special interim dividend fund requirement.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.