Sat Industries announced that the Board of Directors of the Company at its meeting held on 25 May 2018, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Sat Industries declined 84.39% to Rs 2.91 crore in the quarter ended March 2018 as against Rs 18.64 crore during the previous quarter ended March 2017. Sales declined 29.76% to Rs 20.32 crore in the quarter ended March 2018 as against Rs 28.93 crore during the previous quarter ended March 2017.

For the full year,net profit declined 66.36% to Rs 7.01 crore in the year ended March 2018 as against Rs 20.84 crore during the previous year ended March 2017. Sales rose 7.59% to Rs 98.32 crore in the year ended March 2018 as against Rs 91.38 crore during the previous year ended March 2017.

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Net profit of Sat Industries declined 87.55% to Rs 1.60 crore in the quarter ended March 2018 as against Rs 12.85 crore during the previous quarter ended March 2017. Sales declined 42.89% to Rs 7.95 crore in the quarter ended March 2018 as against Rs 13.92 crore during the previous quarter ended March 2017.

For the full year,net profit declined 67.13% to Rs 4.49 crore in the year ended March 2018 as against Rs 13.66 crore during the previous year ended March 2017. Sales rose 7.38% to Rs 51.50 crore in the year ended March 2018 as against Rs 47.96 crore during the previous year ended March 2017.

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The Board of Sat Industries has decided to pursue new line of business related to stainless steel hoses and fittings, through conversion of its 0.01% compulsorily convertible preference shares of Tranche 1 and Tranche 2 into equity shares in Aeroflex Industries, a company engaged in the business related to stainless steel hoses and fittings.

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