Polymechplast Machines announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.

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Net profit of Polymechplast Machines rose 18.42% to Rs 0.45 crore in the quarter ended March 2020 as against Rs 0.38 crore during the previous quarter ended March 2019. Sales declined 32.52% to Rs 11.83 crore in the quarter ended March 2020 as against Rs 17.53 crore during the previous quarter ended March 2019.

For the full year,net profit declined 21.46% to Rs 1.72 crore in the year ended March 2020 as against Rs 2.19 crore during the previous year ended March 2019. Sales declined 19.45% to Rs 43.91 crore in the year ended March 2020 as against Rs 54.51 crore during the previous year ended March 2019.

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Polymechplast Machines will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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Net profit of Polymechplast Machines rose 239.13% to Rs 0.78 crore in the quarter ended December 2019 as against Rs 0.23 crore during the previous quarter ended December 2018. Sales rose 23.67% to Rs 12.59 crore in the quarter ended December 2019 as against Rs 10.18 crore during the previous quarter ended December 2018.

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