Net profit of GMM Pfaudler rose 13.92% to Rs 8.43 crore in the quarter ended March 2018 as against Rs 7.40 crore during the previous quarter ended March 2017. Sales rose 10.62% to Rs 87.89 crore in the quarter ended March 2018 as against Rs 79.45 crore during the previous quarter ended March 2017.

For the full year,net profit rose 8.86% to Rs 28.38 crore in the year ended March 2018 as against Rs 26.07 crore during the previous year ended March 2017. Sales rose 17.31% to Rs 312.41 crore in the year ended March 2018 as against Rs 266.31 crore during the previous year ended March 2017.

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The Board of GMM Pfaudler has approved winding up of its two wholly owned subsidiaries namely, Karamsad Holdings and Karamsad Investments as they do not have any business operations since many years.

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GMM Pfaudler announced that the Board of Directors of the Company at its meeting held on 16 May 2018, inter alia, has recommended the final dividend of Rs.1.90 per share (i.e.95%), subject to the approval of the shareholders.

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GMM Pfaudler announced that Mr. P, Krishnamurthy, Independent Director has resigned from his directorship of the Company vide letter dated 14 May 2018.

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