Net profit of Munjal Showa rose 131.37% to Rs 28.69 crore in the quarter ended March 2018 as against Rs 12.40 crore during the previous quarter ended March 2017. Sales rose 17.35% to Rs 419.19 crore in the quarter ended March 2018 as against Rs 357.21 crore during the previous quarter ended March 2017.

For the full year,net profit rose 27.67% to Rs 77.51 crore in the year ended March 2018 as against Rs 60.71 crore during the previous year ended March 2017. Sales rose 8.34% to Rs 1581.43 crore in the year ended March 2018 as against Rs 1459.66 crore during the previous year ended March 2017.

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Munjal Showa announced that the Board of Directors of the Company at its meeting held on 30 May 2018, inter alia, have recommended the final dividend of Rs 4.5 per equity Share (i.e. 225%) , subject to the approval of the shareholders.

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Munjal Showa will hold a meeting of the Board of Directors of the Company on 30 May 2018, inter alia, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2018 and to recommend dividend, if any, on the equity shares of the Company for the financial year 2017-18.

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Munjal Showa announced that CRISIL has reaffirmed the credit ratings as under -

Long term rating - CRISIL AA/ Stable (Reaffirmed)
Short term rating - CRISIL A1+ (Reaffirmed)

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