Patels Airtemp (India) announced that the Board of Directors of the Company at its meeting held on 20 June 2020, has recommended a Final dividend of Rs.2.50 per share (i.e.25%), subject to the approval of the shareholders.

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Net profit of Patels Airtemp (India) rose 23.53% to Rs 3.15 crore in the quarter ended March 2020 as against Rs 2.55 crore during the previous quarter ended March 2019. Sales rose 46.18% to Rs 71.48 crore in the quarter ended March 2020 as against Rs 48.90 crore during the previous quarter ended March 2019.

For the full year,net profit rose 54.51% to Rs 11.31 crore in the year ended March 2020 as against Rs 7.32 crore during the previous year ended March 2019. Sales rose 57.28% to Rs 237.42 crore in the year ended March 2020 as against Rs 150.95 crore during the previous year ended March 2019.

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Patels Airtemp (India) will hold a meeting of the Board of Directors of the Company on 20 June 2020.

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Net profit of Patels Airtemp (India) rose 79.38% to Rs 2.87 crore in the quarter ended December 2019 as against Rs 1.60 crore during the previous quarter ended December 2018. Sales rose 95.81% to Rs 62.58 crore in the quarter ended December 2019 as against Rs 31.96 crore during the previous quarter ended December 2018.

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