Net profit of Electrosteel Castings rose 104.88% to Rs 22.66 crore in the quarter ended March 2018 as against Rs 11.06 crore during the previous quarter ended March 2017. Sales rose 9.79% to Rs 540.10 crore in the quarter ended March 2018 as against Rs 491.94 crore during the previous quarter ended March 2017.

For the full year,net profit declined 39.20% to Rs 46.99 crore in the year ended March 2018 as against Rs 77.28 crore during the previous year ended March 2017. Sales rose 6.09% to Rs 1943.66 crore in the year ended March 2018 as against Rs 1832.08 crore during the previous year ended March 2017.

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Electrosteel Castings announced that the Board of Directors of the Company at its meeting held on 15 May 2018, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 15 May 2018, to consider and approve the Audited Standalone Financial Results of the Company for the quarter and Financial Year ended March 31, 2018 alongwith the Consolidated Financial Results for the Financial Year ended March 31, 2018, and to consider the recommendation of dividend, if any, on Equity Shares of the Company for the Financial Year 2017-18.

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Net profit of Electrosteel Castings declined 15.08% to Rs 20.39 crore in the quarter ended December 2017 as against Rs 24.01 crore during the previous quarter ended December 2016. Sales rose 11.14% to Rs 511.66 crore in the quarter ended December 2017 as against Rs 460.37 crore during the previous quarter ended December 2016.

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