Kabra Extrusion Technik announced that the 35th Annual General Meeting (AGM) of the company will be held on 10 August 2018.

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Net profit of Kabra Extrusion Technik declined 4.15% to Rs 16.86 crore in the quarter ended March 2018 as against Rs 17.59 crore during the previous quarter ended March 2017. Sales declined 4.00% to Rs 102.84 crore in the quarter ended March 2018 as against Rs 107.12 crore during the previous quarter ended March 2017.

For the full year,net profit declined 3.08% to Rs 20.12 crore in the year ended March 2018 as against Rs 20.76 crore during the previous year ended March 2017. Sales declined 2.88% to Rs 268.13 crore in the year ended March 2018 as against Rs 276.07 crore during the previous year ended March 2017.

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Kabra Extrusiontechnik will hold a meeting of the Board of Directors of the Company on 25 May 2018, to consider and approve the Audited Balance Sheet as at March 31, 2018 and Statement of Profit & Loss for the year ended on that date, and to consider recommendation of dividend, if any, in respect of the Financial year 2017-18.

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Kabra Extrusion Technik announced that CRISIL has reviewed the credit ratings for the company as under -

Long term rating - CRISIL A+/ Stable (Downgraded from CRISIL AA- / Negative)

Short term ratings - CRISIL A1+ (Reaffirmed)

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