Net loss of DE Nora India reported to Rs 1.75 crore in the quarter ended March 2018 as against net profit of Rs 1.34 crore during the previous quarter ended March 2017. Sales declined 31.98% to Rs 5.02 crore in the quarter ended March 2018 as against Rs 7.38 crore during the previous quarter ended March 2017.

For the full year,net profit declined 43.29% to Rs 1.69 crore in the year ended March 2018 as against Rs 2.98 crore during the previous year ended March 2017. Sales rose 1.35% to Rs 27.03 crore in the year ended March 2018 as against Rs 26.67 crore during the previous year ended March 2017.

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DE Nora India announced that the Board of Directors of the Company at its meeting held on 8 May 2018, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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DE Nora India will hold a meeting of the Board of Directors of the Company on 08 May 2018

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Meanwhile, the S&P BSE Sensex was down 282.64 points, or 0.82% to 34,014.83.

On the BSE, 29,000 shares were traded in the counter so far compared with average daily volumes of 31,925 shares in the past one quarter. The stock had hit a high of Rs 633.15 so far during the day, which is also record high for the counter. The stock had hit a low of Rs 572.85 so far during the day. The stock hit a 52-week low of Rs 217.15 on 14 March 2017.

The stock had outperformed the market over the past 30 days till 15 February 2018, rising 110.29% compared with 2.24% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 137.59% as against Sensex's 2.86% rise. The scrip had also outperformed the market in past one year, rising 173.78% as against Sensex's 21.19% rise.

The small-cap company has equity capital of Rs 5.31 crore. Face value per share is Rs 10.

Shares of DE Nora India surged 77.54% in six trading sessions to settle at Rs 603 yesterday, 15 February 2018, from its close of Rs 339.65 on 6 February 2018.

Net profit of DE Nora India surged 1124.32% to Rs 4.53 crore on 165.74% spurt in net sales to Rs 13.42 crore in Q3 December 2017 over Q3 December 2016.

De Nora India is a leader in the fields of cathode & anode for chlor-alkali industry, electrochlorinators and cathodic protection systems.

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