Radix Industries (India) announced that the Board of Directors of the Company at its meeting held on 25 June 2020, has recommended a Final dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.

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Net profit of Radix Industries (India) declined 11.11% to Rs 0.16 crore in the quarter ended March 2020 as against Rs 0.18 crore during the previous quarter ended March 2019. Sales rose 87.76% to Rs 2.76 crore in the quarter ended March 2020 as against Rs 1.47 crore during the previous quarter ended March 2019.

For the full year,net profit declined 4.80% to Rs 1.19 crore in the year ended March 2020 as against Rs 1.25 crore during the previous year ended March 2019. Sales declined 1.12% to Rs 10.58 crore in the year ended March 2020 as against Rs 10.70 crore during the previous year ended March 2019.

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Net profit of Radix Industries (India) declined 5.00% to Rs 0.38 crore in the quarter ended December 2019 as against Rs 0.40 crore during the previous quarter ended December 2018. Sales rose 9.54% to Rs 3.33 crore in the quarter ended December 2019 as against Rs 3.04 crore during the previous quarter ended December 2018.

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Radix Industries (India) will hold a meeting of the Board of Directors of the Company on 13 February 2020.

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