Net profit of Sunflag Iron & Steel Company rose 37.93% to Rs 25.49 crore in the quarter ended June 2017 as against Rs 18.48 crore during the previous quarter ended June 2016. Sales rose 32.52% to Rs 473.45 crore in the quarter ended June 2017 as against Rs 357.27 crore during the previous quarter ended June 2016.

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Net profit of Sunflag Iron & Steel Company rose 103.23% to Rs 12.58 crore in the quarter ended March 2017 as against Rs 6.19 crore during the previous quarter ended March 2016. Sales rose 8.77% to Rs 395.82 crore in the quarter ended March 2017 as against Rs 363.91 crore during the previous quarter ended March 2016.

For the full year,net profit rose 14.72% to Rs 65.17 crore in the year ended March 2017 as against Rs 56.81 crore during the previous year ended March 2016. Sales declined 5.05% to Rs 1509.66 crore in the year ended March 2017 as against Rs 1589.88 crore during the previous year ended March 2016.

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Sunflag Iron & Steel Company will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, review and take on records (approval) of, the Audited Financial Statements (Standalone & Consolidated) for the year ended 31st March 2017 and Statement of Audited Financial Results together with Statement of Assets and Liabilities (Standalone & Consolidated) for the Fourth Quarter (Q-4), Half-Year (H-2) and Year ended 31st March 2017, amongst others..

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Sunflag Iron & Steel Company will hold a meeting of the Board of Directors of the Company on 27 March 2017, to review and consider the Sanction Letter for Financial Assistance received from the State Bank of India, IFB Branch, Mumbai and to note, consider, review and approve the recommendations of the Nomination and Remuneration Committee of the Company, amongst others.

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