Net profit of India Glycols declined 33.01% to Rs 17.90 crore in the quarter ended March 2020 as against Rs 26.72 crore during the previous quarter ended March 2019. Sales rose 4.20% to Rs 912.34 crore in the quarter ended March 2020 as against Rs 875.57 crore during the previous quarter ended March 2019.

For the full year,net profit declined 13.54% to Rs 114.66 crore in the year ended March 2020 as against Rs 132.61 crore during the previous year ended March 2019. Sales rose 4.00% to Rs 3491.01 crore in the year ended March 2020 as against Rs 3356.60 crore during the previous year ended March 2019.

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India Glycols will hold a meeting of the Board of Directors of the Company on 24 June 2020.

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India Glycols has resumed operations of its (i) Chemical and other ancillary plant(s) at Kashipur (Uttarakhand) (ii) Distillery Plant at Gorakhpur (Uttar Pradesh), and (iii) Plant at Selaqui-Dehradun (Uttarakhand).

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India Glycols announced that the Board of Directors of the Company at its meeting held on 03 March 2020, has recommended a Interim dividend of Rs.6 per share (i.e.60%), subject to the approval of the shareholders.

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