Divyashakti announced that the Board of Directors of the Company at its meeting held on 26 May 2023, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Net loss of Divyashakti reported to Rs 1.54 crore in the quarter ended March 2023 as against net profit of Rs 2.23 crore during the previous quarter ended March 2022. Sales rose 5.59% to Rs 14.17 crore in the quarter ended March 2023 as against Rs 13.42 crore during the previous quarter ended March 2022.

For the full year,net profit rose 9.51% to Rs 7.83 crore in the year ended March 2023 as against Rs 7.15 crore during the previous year ended March 2022. Sales rose 18.81% to Rs 75.53 crore in the year ended March 2023 as against Rs 63.57 crore during the previous year ended March 2022.

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Divyashakti will hold a meeting of the Board of Directors of the Company on 26 May 2023.

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Net profit of Divyashakti declined 43.62% to Rs 0.53 crore in the quarter ended December 2022 as against Rs 0.94 crore during the previous quarter ended December 2021. Sales declined 51.03% to Rs 9.05 crore in the quarter ended December 2022 as against Rs 18.48 crore during the previous quarter ended December 2021.

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