For the financial year Mar. 31, 2007, the directors of Gupta Synthetics has approved dividend of 10% on shares of face value of Rs 10 each.

The decision was taken at the company’s board meeting held on Aug. 20, 2007.

Gupta Synthetics recorded a 46.12% increase in net profits to Rs 40.68 million for the quarter ended June 2007 as against Rs 27.84 million in the same period of the last year.

For the quarter ended June 2007, the company’s net sales climbed 48.26% to Rs 1,060.41 million as against Rs 715.23 million in the corresponding quarter, a year ago.

Today the company shares ended up Rs 3.05, or 5.61%, at Rs 57.40. The total volume of shares traded at the BSE was 12,335.

Gupta Synthetics Ltd is the top yarns making company in India producing first-class yarns. The company’s dream is to revise itself to the newest developments and changes in the Industry. There is a hunger to take on novel technologies to provide the required products to their clients with greater satisfaction.

The company makes Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Polyester Texturised Yarn, Polyester Draw Twisted Yarn and Polyester Twisted Yarn.