Net loss of Madhav Marbles and Granites reported to Rs 1.19 crore in the quarter ended March 2021 as against net profit of Rs 1.28 crore during the previous quarter ended March 2020. Sales rose 5.63% to Rs 17.27 crore in the quarter ended March 2021 as against Rs 16.35 crore during the previous quarter ended March 2020.

For the full year,net profit declined 69.00% to Rs 0.62 crore in the year ended March 2021 as against Rs 2.00 crore during the previous year ended March 2020. Sales rose 2.84% to Rs 62.02 crore in the year ended March 2021 as against Rs 60.31 crore during the previous year ended March 2020.

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Net profit of Madhav Marbles and Granites declined 17.81% to Rs 1.20 crore in the quarter ended March 2021 as against Rs 1.46 crore during the previous quarter ended March 2020. Sales rose 5.76% to Rs 17.27 crore in the quarter ended March 2021 as against Rs 16.33 crore during the previous quarter ended March 2020.

For the full year,net profit rose 98.17% to Rs 4.32 crore in the year ended March 2021 as against Rs 2.18 crore during the previous year ended March 2020. Sales rose 2.67% to Rs 61.89 crore in the year ended March 2021 as against Rs 60.28 crore during the previous year ended March 2020.

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Madhav Marbles and Granites announced that the Board of Directors of the Company at its meeting held on 29 June 2021, has recommended a Final dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.

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Madhav Marbles and Granites will hold a meeting of the Board of Directors of the Company on 29 June 2021..

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