HBL Power Systems announced that the Board of Directors of the Company at its meeting held on 28 May 2018, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of HBL Power Systems declined 57.02% to Rs 4.59 crore in the quarter ended March 2018 as against Rs 10.68 crore during the previous quarter ended March 2017. Sales rose 3.83% to Rs 414.47 crore in the quarter ended March 2018 as against Rs 399.17 crore during the previous quarter ended March 2017.

For the full year,net profit declined 12.40% to Rs 29.66 crore in the year ended March 2018 as against Rs 33.86 crore during the previous year ended March 2017. Sales rose 13.20% to Rs 1592.93 crore in the year ended March 2018 as against Rs 1407.22 crore during the previous year ended March 2017.

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HBL Power Systems will hold a meeting of the Board of Directors of the Company on 28 May 2018, to consider and approve audited (standalone) financial statements of the Company for the financial year ended on March 31, 2018, and to consider recommendation of dividend (if any) for the year 2017-18, subject to approval of members at the Annual General Meeting.

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Net profit of HBL Power Systems declined 8.46% to Rs 8.77 crore in the quarter ended December 2017 as against Rs 9.58 crore during the previous quarter ended December 2016. Sales rose 18.42% to Rs 413.99 crore in the quarter ended December 2017 as against Rs 349.60 crore during the previous quarter ended December 2016.

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