Kalyani Steels Reports 10% Decline in Q4 Net Profit, Shrinking to Rs 62 Crore
Kalyani Steels reported a 10% decline in standalone net profit to Rs 62.5 crore in the March quarter. Consolidated income rose to Rs 515.8 crore while expenses reached Rs 431.5 crore. The board recommended a dividend of Rs 10 per equity share.
- Country:
- India
Kalyani Steels Ltd on Friday reported a 10 per cent fall in standalone net profit to Rs 62.5 crore in the March quarter, dragged by higher expenses.
It had posted a profit of Rs 69.7 crore in the corresponding period of the previous fiscal year, the company said in a regulatory filing on Friday.
Its consolidated income during the quarter under review stood at Rs 515.8 crore as against Rs 474.3 crore in the year-ago period, it added.
Total expenses in the fourth quarter were higher at Rs 431.5 crore as compared to Rs 379.6 crore in the same period a year ago.
The board of directors recommended a dividend of Rs 10 per equity share of Rs 5 each on the equity share capital of the company for FY24, subject to members' approval.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Kalyani Steels
- Profit
- Expenses
- Income
- Dividend
- Board of Directors
- Equity Shares
- FY24
- Net Profit
- Q4
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