Honda Siel Power Products announced that the Board of Directors of the Company at its meeting held on 24 May 2018, inter alia, have recommended the final dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.

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Net profit of Honda Siel Power Products rose 16.97% to Rs 13.92 crore in the quarter ended March 2018 as against Rs 11.90 crore during the previous quarter ended March 2017. Sales rose 9.07% to Rs 206.54 crore in the quarter ended March 2018 as against Rs 189.37 crore during the previous quarter ended March 2017.

For the full year,net profit rose 6.28% to Rs 61.41 crore in the year ended March 2018 as against Rs 57.78 crore during the previous year ended March 2017. Sales rose 9.41% to Rs 767.80 crore in the year ended March 2018 as against Rs 701.78 crore during the previous year ended March 2017.

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Honda Siel Power Products will hold a meeting of the Board of Directors of the Company on 24 May 2018, to consider and approve inter-alia, Audited Financial Results for the Financial Year ended 31st March, 2018 and to consider recommendation of Dividend.

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Net profit of Honda Siel Power Products rose 40.82% to Rs 19.87 crore in the quarter ended December 2017 as against Rs 14.11 crore during the previous quarter ended December 2016. Sales rose 15.39% to Rs 203.34 crore in the quarter ended December 2017 as against Rs 176.22 crore during the previous quarter ended December 2016.

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