Prakash Pipes announced that the Board of Directors of the Company at its meeting held on 27 June 2020, inter alia, have recommended the final dividend of Rs 1.2 per equity Share (i.e. 12%) , subject to the approval of the shareholders.

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Prakash Pipes announced that the Board of Directors of the Company at its meeting held on 27 June 2020, has recommended a Final dividend of Rs.1.20 per share (i.e.12%), subject to the approval of the shareholders.

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Net profit of Prakash Pipes declined 46.59% to Rs 4.15 crore in the quarter ended March 2020 as against Rs 7.77 crore during the previous quarter ended March 2019. Sales rose 4.96% to Rs 86.34 crore in the quarter ended March 2020 as against Rs 82.26 crore during the previous quarter ended March 2019.

For the full year,net profit declined 13.31% to Rs 24.75 crore in the year ended March 2020 as against Rs 28.55 crore during the previous year ended March 2019. Sales rose 12.96% to Rs 385.14 crore in the year ended March 2020 as against Rs 340.96 crore during the previous year ended March 2019.

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Prakash Pipes has received all the regulatory permissions to operate its Flexible Packaging Plant at Kashipur, Uttarakhand, which provides material for packaging of essential commodities.

On the basis of the approvals from the appropriate authorities, the Company has started normal production at its Flexible Packaging Plant with effect from 18 April, 2020.

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