Stovec Industries Ltd Share Price – BSE

Capital Goods-Non Electrical Equipment, Small Cap

Stovec Industries announced that the 50th Annual General Meeting (AGM) of the company will be held on 25 April 2024.

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Net profit of Stovec Industries rose 141.57% to Rs 4.01 crore in the quarter ended December 2023 as against Rs 1.66 crore during the previous quarter ended December 2022. Sales declined 4.86% to Rs 57.97 crore in the quarter ended December 2023 as against Rs 60.93 crore during the previous quarter ended December 2022.

For the full year,net profit declined 63.50% to Rs 9.04 crore in the year ended December 2023 as against Rs 24.77 crore during the previous year ended December 2022. Sales declined 12.12% to Rs 207.26 crore in the year ended December 2023 as against Rs 235.85 crore during the previous year ended December 2022.

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Stovec Industries announced that the Board of Directors of the Company at its meeting held on , inter alia, have recommended the final dividend of Rs 17 per equity Share (i.e. 170%) , subject to the approval of the shareholders.

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Stovec Industries will hold a meeting of the Board of Directors of the Company on 26 February 2024.

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