Net profit of Indian Hume Pipe Company declined 33.14% to Rs 23.20 crore in the quarter ended March 2018 as against Rs 34.70 crore during the previous quarter ended March 2017. Sales declined 10.95% to Rs 411.19 crore in the quarter ended March 2018 as against Rs 461.74 crore during the previous quarter ended March 2017.

For the full year,net profit declined 33.73% to Rs 66.06 crore in the year ended March 2018 as against Rs 99.68 crore during the previous year ended March 2017. Sales declined 10.46% to Rs 1525.97 crore in the year ended March 2018 as against Rs 1704.31 crore during the previous year ended March 2017.

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Indian Hume Pipe Company announced that the Annual General Meeting (AGM) of the company will be held on 20 July 2018.

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Indian Hume Pipe Company announced that the Board of Directors of the Company at its meeting held on 23 May 2018, inter alia, have recommended the final dividend of Rs 3.4 per equity Share (i.e. 170%) , subject to the approval of the shareholders.

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The announcement was made on Saturday, 21 April 2018.

Meanwhile, the S&P BSE Sensex was up 126.48 points, or 0.37% to 34,542.06

On the BSE, 26,000 shares were traded in the counter so far compared with average daily volumes of 6,991 shares in the past two weeks. The stock had hit a high of Rs 375 and a low of Rs 359.05 so far during the day. The stock hit a record high of Rs 591 on 1 September 2017. The stock hit a 52-week low of Rs 285.80 on 26 March 2018.

Indian Hume Pipe Company has secured a work order of Rs 578.50 crore from Madhya Pradesh Jal Nigam Maryadit for Kundaliya Multi Village Rural Water Supply Scheme District - Rajgarh, Madhya Pradesh.

Net profit of Indian Hume Pipe Company declined 17.53% to Rs 14.68 crore on 6.79% decline in net sales to Rs 356.09 crore in Q3 December 2017 over Q3 December 2016.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply and sewerage systems, and pipe manufacturing.

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