Net profit of Swelect Energy Systems declined 50.00% to Rs 3.65 crore in the quarter ended June 2018 as against Rs 7.30 crore during the previous quarter ended June 2017. Sales rose 19.87% to Rs 51.03 crore in the quarter ended June 2018 as against Rs 42.57 crore during the previous quarter ended June 2017.

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Swelect Energy Systems will hold a meeting of the Board of Directors of the Company on 8 August 2018.

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Swelect Energy Systems announced that the Board of Directors of the Company at its meeting held on 25 May 2018, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net profit of Swelect Energy Systems declined 54.73% to Rs 5.89 crore in the quarter ended March 2018 as against Rs 13.01 crore during the previous quarter ended March 2017. Sales declined 41.52% to Rs 45.98 crore in the quarter ended March 2018 as against Rs 78.63 crore during the previous quarter ended March 2017.

For the full year,net profit declined 20.12% to Rs 23.47 crore in the year ended March 2018 as against Rs 29.38 crore during the previous year ended March 2017. Sales rose 2.43% to Rs 173.74 crore in the year ended March 2018 as against Rs 169.62 crore during the previous year ended March 2017.

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