Bhansali Engineering Polymers has reported a fire accident at Satnoor Plant of the company situated in the District Chhindwara, Madhya Pradesh at 7.30 pm on 29 April 2018.

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Bhansali Engineering Polymers announced that the Annual General Meeting (AGM) of the company will be held on 14 July 2018.

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Bhansali Engineering Polymers announced that the Board of Directors of the Company at its meeting held on 13 April 2018, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Net profit of Bhansali Engineering Polymers rose 82.05% to Rs 28.60 crore in the quarter ended March 2018 as against Rs 15.71 crore during the previous quarter ended March 2017. Sales rose 56.50% to Rs 301.79 crore in the quarter ended March 2018 as against Rs 192.84 crore during the previous quarter ended March 2017.

For the full year,net profit rose 179.65% to Rs 99.64 crore in the year ended March 2018 as against Rs 35.63 crore during the previous year ended March 2017. Sales rose 64.77% to Rs 1031.69 crore in the year ended March 2018 as against Rs 626.15 crore during the previous year ended March 2017.

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