SAL Automotive Ltd Share Price – BSE

Auto Ancillaries, Small Cap

SAL Automotives announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 4.5 per equity Share (i.e. 45%) , subject to the approval of the shareholders.

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Net profit of SAL Automotive declined 66.18% to Rs 0.93 crore in the quarter ended March 2024 as against Rs 2.75 crore during the previous quarter ended March 2023. Sales declined 34.02% to Rs 60.78 crore in the quarter ended March 2024 as against Rs 92.12 crore during the previous quarter ended March 2023.

For the full year,net profit rose 8.51% to Rs 5.10 crore in the year ended March 2024 as against Rs 4.70 crore during the previous year ended March 2023. Sales rose 1.23% to Rs 307.52 crore in the year ended March 2024 as against Rs 303.79 crore during the previous year ended March 2023.

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SAL Automotives will hold a meeting of the Board of Directors of the Company on 29 May 2024

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Net profit of SAL Automotive rose 12.50% to Rs 0.90 crore in the quarter ended December 2023 as against Rs 0.80 crore during the previous quarter ended December 2022. Sales rose 6.85% to Rs 81.53 crore in the quarter ended December 2023 as against Rs 76.30 crore during the previous quarter ended December 2022.

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