Ruby Mills has temporary shut down its processing unit at Village Kharsundi, Taluka Khalapur to upgrade and modernize existing ETP plant to install MEE/ WHE as per directions of Maharashtra Pollution Control Board (MPCB).

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Ruby Mills announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 1.75 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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Net profit of Ruby Mills declined 9.71% to Rs 14.88 crore in the quarter ended March 2017 as against Rs 16.48 crore during the previous quarter ended March 2016. Sales declined 13.95% to Rs 53.86 crore in the quarter ended March 2017 as against Rs 62.59 crore during the previous quarter ended March 2016.

For the full year,net profit declined 7.90% to Rs 37.56 crore in the year ended March 2017 as against Rs 40.78 crore during the previous year ended March 2016. Sales declined 4.89% to Rs 202.16 crore in the year ended March 2017 as against Rs 212.56 crore during the previous year ended March 2016.

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The announcement was made on Friday, 24 February 2017. The stock market was closed on that day due to Mahashivratri holiday.

Meanwhile, the S&P BSE Sensex was up 12.99 points or 0.04% at 28,905.96.

On the BSE, 5,001 shares were traded on the counter so far as against the average daily volumes of 2,152 shares in the past one quarter. The stock had hit a high of Rs 365 and a low of Rs 350 so far during the day.

The stock had hit a 52-week high of Rs 518 on 28 September 2016 and a 52-week low of Rs 250.10 on 29 February 2016. It had underperformed the market over the past one month till 23 February 2017, sliding 1.12% compared with the Sensex's 6.55% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 16.7% as against the Sensex's 10.91% rise.

The small-cap company has equity capital of Rs 8.36 crore. Face value per share is Rs 5.

Ruby Mills announced after market hours on Thursday, 23 February 2017 that the company's processing unit at Khalapur had got permission from Maharashtra Pollution Control Board (MPCB) to restart its operations with immediate effect. Earlier, the company had announced to the stock exchanges that the unit was experiencing disruption of operations due to power shut down by Maharashtra State Electricity Board (MSEB) on 7 February 2017, pursuant to MPCB instructions due to non-operation of common effluent treatment plant (CETP).

Ruby Mills' net profit rose 23.3% to Rs 8.04 crore on 16.3% decline in net sales to Rs 41.12 crore in Q3 December 2016 over Q3 December 2015.

Ruby Mills is engaged in textiles business.

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