Net profit of Welcast Steels declined 69.81% to Rs 0.16 crore in the quarter ended March 2018 as against Rs 0.53 crore during the previous quarter ended March 2017. Sales rose 8.37% to Rs 65.89 crore in the quarter ended March 2018 as against Rs 60.80 crore during the previous quarter ended March 2017.

For the full year,net profit declined 10.17% to Rs 1.59 crore in the year ended March 2018 as against Rs 1.77 crore during the previous year ended March 2017. Sales rose 16.08% to Rs 233.55 crore in the year ended March 2018 as against Rs 201.19 crore during the previous year ended March 2017.

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Welcast Steels announced that the Board of Directors of the Company at its meeting held on 07 May 2018, has recommended a dividend of Rs.2 per share (i.e.20%), subject to the approval of the shareholders.

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Welcast Steels will hold a meeting of the Board of Directors of the Company 07 May 2018, inter alia to consider, approve and take on record the Audited Financial Results for the Quarter/Year ended on 31st March, 2018 and to recommend dividend, if any, for the Financial Year 2017-18.

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Net profit of Welcast Steels declined 90.77% to Rs 0.06 crore in the quarter ended December 2017 as against Rs 0.65 crore during the previous quarter ended December 2016. Sales rose 10.05% to Rs 56.49 crore in the quarter ended December 2017 as against Rs 51.33 crore during the previous quarter ended December 2016.

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