Net loss of Menon Pistons reported to Rs 0.05 crore in the quarter ended March 2020 as against net profit of Rs 2.15 crore during the previous quarter ended March 2019. Sales declined 42.67% to Rs 22.95 crore in the quarter ended March 2020 as against Rs 40.03 crore during the previous quarter ended March 2019.

For the full year,net profit declined 56.45% to Rs 4.39 crore in the year ended March 2020 as against Rs 10.08 crore during the previous year ended March 2019. Sales declined 24.57% to Rs 117.75 crore in the year ended March 2020 as against Rs 156.10 crore during the previous year ended March 2019.

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Menon Pistons will hold a meeting of the Board of Directors of the Company on 16 June 2020.

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Menon Pistons announced that the Board of Directors of the Company at its meeting held on 11 March 2020, inter alia, have recommended the interim dividend of Rs 0.45 per equity Share (i.e. 45%) , subject to the approval of the shareholders.

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Menon Pistons has fixed 19 March 2020 as record date for payment of interim dividend for FY 2020.

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