Honda Siel Power Products announced that the Board of Directors of the Company at its meeting held on 28 May 2019, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Net profit of Honda Siel Power Products declined 22.77% to Rs 10.75 crore in the quarter ended March 2019 as against Rs 13.92 crore during the previous quarter ended March 2018. Sales rose 11.59% to Rs 230.48 crore in the quarter ended March 2019 as against Rs 206.54 crore during the previous quarter ended March 2018.

For the full year,net profit declined 11.82% to Rs 54.15 crore in the year ended March 2019 as against Rs 61.41 crore during the previous year ended March 2018. Sales rose 6.26% to Rs 815.88 crore in the year ended March 2019 as against Rs 767.80 crore during the previous year ended March 2018.

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Honda Siel Power Products will hold a meeting of the Board of Directors of the Company on 28 May 2019.

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Net profit of Honda Siel Power Products declined 14.80% to Rs 16.93 crore in the quarter ended December 2018 as against Rs 19.87 crore during the previous quarter ended December 2017. Sales rose 8.01% to Rs 219.62 crore in the quarter ended December 2018 as against Rs 203.34 crore during the previous quarter ended December 2017.

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