Esab India announced that the Board of Directors of the Company at its meeting held on 30 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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Net profit of Esab India rose 743.12% to Rs 9.19 crore in the quarter ended March 2018 as against Rs 1.09 crore during the previous quarter ended March 2017. Sales rose 16.07% to Rs 153.59 crore in the quarter ended March 2018 as against Rs 132.33 crore during the previous quarter ended March 2017.

For the full year,net profit rose 38.31% to Rs 37.15 crore in the year ended March 2018 as against Rs 26.86 crore during the previous year ended March 2017. Sales rose 6.56% to Rs 543.56 crore in the year ended March 2018 as against Rs 510.09 crore during the previous year ended March 2017.

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Net profit of Esab India rose 71.43% to Rs 9.60 crore in the quarter ended December 2017 as against Rs 5.60 crore during the previous quarter ended December 2016. Sales rose 4.24% to Rs 126.39 crore in the quarter ended December 2017 as against Rs 121.25 crore during the previous quarter ended December 2016.

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Esab India will hold a meeting of the Board of Directors of the Company on 7 February 2018 to take on record the Unaudited Financial Results for the quarter ended 31 December, 2017.

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