Kirloskar Ferrous Industries announced that the Annual General Meeting (AGM) of the company will be held on 25 July 2018.

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Kirloskar Ferrous Industries announced that the Board of Directors of the Company at its meeting held on 03 May 2018, inter alia, has recommended a dividend of Rs.1.25 per equity share (i.e.25%), subject to the approval of the shareholders.

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Net profit of Kirloskar Ferrous Industries rose 44.29% to Rs 14.92 crore in the quarter ended March 2018 as against Rs 10.34 crore during the previous quarter ended March 2017. Sales rose 29.86% to Rs 469.58 crore in the quarter ended March 2018 as against Rs 361.61 crore during the previous quarter ended March 2017.

For the full year,net profit declined 56.73% to Rs 38.00 crore in the year ended March 2018 as against Rs 87.83 crore during the previous year ended March 2017. Sales rose 35.02% to Rs 1723.87 crore in the year ended March 2018 as against Rs 1276.76 crore during the previous year ended March 2017.

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Kirloskar Ferrous Industries will hold a meeting of the Board of Directors of the Company on 03 May 2018, inter alia, to consider and approve the Audited Financial Results of the Company for the financial year ended March 31, 2018.

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