Siyaram Silk Mills announced that the Board of Directors of the Company at its meeting held on 29 May 2018, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Net profit of Siyaram Silk Mills rose 9.97% to Rs 48.08 crore in the quarter ended March 2018 as against Rs 43.72 crore during the previous quarter ended March 2017. Sales rose 12.59% to Rs 595.91 crore in the quarter ended March 2018 as against Rs 529.27 crore during the previous quarter ended March 2017.

For the full year,net profit rose 22.61% to Rs 111.59 crore in the year ended March 2018 as against Rs 91.01 crore during the previous year ended March 2017. Sales rose 10.09% to Rs 1732.76 crore in the year ended March 2018 as against Rs 1573.93 crore during the previous year ended March 2017.

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Net profit of Siyaram Silk Mills rose 64.08% to Rs 22.43 crore in the quarter ended December 2017 as against Rs 13.67 crore during the previous quarter ended December 2016. Sales rose 15.65% to Rs 393.60 crore in the quarter ended December 2017 as against Rs 340.35 crore during the previous quarter ended December 2016.

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Siyaram Silk Mills will hold a meeting of the Board of Directors of the Company on 29 January 2018.

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