Polyplex Corporation announced the resignation of Suresh Inderchand Surana , as an Independent Director of the company with effect from 11 June 2018.

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Net profit of Polyplex Corporation declined 71.86% to Rs 3.83 crore in the quarter ended March 2018 as against Rs 13.61 crore during the previous quarter ended March 2017. Sales rose 22.38% to Rs 296.20 crore in the quarter ended March 2018 as against Rs 242.03 crore during the previous quarter ended March 2017.

For the full year,net profit rose 28.80% to Rs 58.90 crore in the year ended March 2018 as against Rs 45.73 crore during the previous year ended March 2017. Sales rose 15.38% to Rs 1088.68 crore in the year ended March 2018 as against Rs 943.60 crore during the previous year ended March 2017.

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Net profit of Polyplex Corporation rose 40.87% to Rs 104.89 crore in the quarter ended March 2018 as against Rs 74.46 crore during the previous quarter ended March 2017. Sales rose 18.94% to Rs 979.69 crore in the quarter ended March 2018 as against Rs 823.69 crore during the previous quarter ended March 2017.

For the full year,net profit declined 21.38% to Rs 284.12 crore in the year ended March 2018 as against Rs 361.39 crore during the previous year ended March 2017. Sales rose 11.60% to Rs 3572.34 crore in the year ended March 2018 as against Rs 3200.99 crore during the previous year ended March 2017.

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Polyplex Corporation has fixed 08 June 2018 as record date for payment of second interim dividend for FY 2017-18, that may be declared by the Board of Directors in its ensuing meeting scheduled to be held on 30 May 2018.

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