South West Pinnacle Exploration Ltd Share Price – NSE  /  BSE

Mining & Mineral products, Small Cap

South West Pinnacle Exploration has received an order from Hindalco for providing services of exploration and activities related thereto of a Coal block situated in the state of Odisha. The aggregate value of order is Rs 5.36 crore including GST.

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South West Pinnacle Exploration has received work order of Rs 6.33 crore from J K Cements for providing services with regard to survey and exploration of a coal block situated in the state of Madhya Pradesh.

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Net profit of South West Pinnacle Exploration declined 24.93% to Rs 2.80 crore in the quarter ended March 2024 as against Rs 3.73 crore during the previous quarter ended March 2023. Sales rose 17.52% to Rs 45.01 crore in the quarter ended March 2024 as against Rs 38.30 crore during the previous quarter ended March 2023.

For the full year,net profit declined 7.80% to Rs 8.27 crore in the year ended March 2024 as against Rs 8.97 crore during the previous year ended March 2023. Sales rose 7.37% to Rs 133.42 crore in the year ended March 2024 as against Rs 124.26 crore during the previous year ended March 2023.

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South West Pinnacle Exploration announced that the Board of Directors of the Company at its meeting held on 29 May 2024, has recommended a Final dividend of Rs.0.5 per share (i.e.5%), subject to the approval of the shareholders.

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