New Delhi, Kalyani Steels Ltd on Friday reported a 10 per cent decline in its standalone net profit at Rs 62.5 crore in the March quarter due to higher expenses.
The company said in a regulatory filing on Friday that it had earned a profit of Rs 69.7 crore in the same period of the last financial year.
Its consolidated income during the quarter under review stood at Rs 515.8 crore, compared to Rs 474.3 crore in the year-ago period.
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 on the equity share capital of the company for FY24, subject to the approval of the members.
The company said in a regulatory filing on Friday that it had earned a profit of Rs 69.7 crore in the same period of the last financial year.
Its consolidated income during the quarter under review stood at Rs 515.8 crore, compared to Rs 474.3 crore in the year-ago period.
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 on the equity share capital of the company for FY24, subject to the approval of the members.
