Thirumalai Chemicals announced that the Board of Directors of the Company at its meeting held on 3 May 2018, inter alia, have recommended the final dividend of Rs 20 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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Net profit of Thirumalai Chemicals rose 107.96% to Rs 39.70 crore in the quarter ended March 2018 as against Rs 19.09 crore during the previous quarter ended March 2017. Sales rose 7.87% to Rs 330.71 crore in the quarter ended March 2018 as against Rs 306.57 crore during the previous quarter ended March 2017.

For the full year,net profit rose 141.18% to Rs 170.44 crore in the year ended March 2018 as against Rs 70.67 crore during the previous year ended March 2017. Sales rose 27.57% to Rs 1311.96 crore in the year ended March 2018 as against Rs 1028.46 crore during the previous year ended March 2017.

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Net profit of Thirumalai Chemicals rose 33.23% to Rs 29.27 crore in the quarter ended March 2018 as against Rs 21.97 crore during the previous quarter ended March 2017. Sales declined 6.60% to Rs 238.42 crore in the quarter ended March 2018 as against Rs 255.27 crore during the previous quarter ended March 2017.

For the full year,net profit rose 94.21% to Rs 143.99 crore in the year ended March 2018 as against Rs 74.14 crore during the previous year ended March 2017. Sales rose 18.01% to Rs 1011.61 crore in the year ended March 2018 as against Rs 857.22 crore during the previous year ended March 2017.

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The result was announced after trading hours yesterday, 3 May 2018.

Meanwhile, the S&P BSE Sensex was down 31.57 points, or 0.09% to 35,071.57.

On the BSE, 12,000 shares were traded in the counter so far compared with average daily volumes of 20,000 shares in the past two weeks. The stock had hit a high of Rs 2,227.10 and a low of Rs 2,141.70 so far during the day. The stock hit a record high of Rs 2,437 on 9 January 2018. The stock hit a 52-week low of Rs 811.30 on 23 May 2017.

The board of Thirumalai Chemicals recommended 10-for-1 stock split.

Thirumalai Chemicals ranks among the largest producers in the world of Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid.

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