Nelcast announced that the Annual General Meeting (AGM) of the company will be held on 1 August 2019.

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Net profit of Nelcast declined 38.66% to Rs 6.30 crore in the quarter ended March 2019 as against Rs 10.27 crore during the previous quarter ended March 2018. Sales declined 18.12% to Rs 174.33 crore in the quarter ended March 2019 as against Rs 212.92 crore during the previous quarter ended March 2018.

For the full year,net profit rose 0.47% to Rs 38.44 crore in the year ended March 2019 as against Rs 38.26 crore during the previous year ended March 2018. Sales rose 15.01% to Rs 856.27 crore in the year ended March 2019 as against Rs 744.54 crore during the previous year ended March 2018.

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Nelcast announced that dividend, if declared in the AGM of the Company, same will be paid from 2 August 2019 onwards.

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Nelcast announced that the Board of Directors of the Company at its meeting held on 27 May 2019, has recommended a Final dividend of Rs.1 per share (i.e.50%), subject to the approval of the shareholders.

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