Lambodhara Textiles announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2019.

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Net profit of Lambodhara Textiles rose 445.00% to Rs 2.18 crore in the quarter ended March 2019 as against Rs 0.40 crore during the previous quarter ended March 2018. Sales declined 12.31% to Rs 44.54 crore in the quarter ended March 2019 as against Rs 50.79 crore during the previous quarter ended March 2018.

For the full year,net profit rose 27.23% to Rs 7.57 crore in the year ended March 2019 as against Rs 5.95 crore during the previous year ended March 2018. Sales rose 4.85% to Rs 174.81 crore in the year ended March 2019 as against Rs 166.73 crore during the previous year ended March 2018.

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Lambodhara Textiles announced that the Board of Directors of the Company at its meeting held on 29 May 2019, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Lambodhara Textile has fixed 19 September 2019 as record date for payment of dividend.

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