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Our Bureau

Hyderabad, July 1 Samkrg Pistons and Rings Ltd recorded a net profit of Rs 27.14 lakh during the fourth quarter ended March 31, as against a net loss of Rs 24.05 crore in the corresponding previous quarter.

The company’s net sales increased 38.55 per cent to Rs 24.58 crore (Rs 17.74 crore). Net profit for the financial year ended March 31 was up marginally by 0.34 per cent at Rs 5.81 crore (Rs 5.79 crore).

Net sales for the fiscal were up 13 per cent at Rs 94.04 crore (Rs 83.32 crore). The earnings per sharewas at Rs 5.93 (Rs 5.9). A release from the company has said that the board has recommended a dividend of 35 per cent for the year.

“The company, for the current financial year, expects sales to touch Rs 120 crore and profits to grow by 10 per cent,” it added.

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Samkrg Pistons nets Rs 27 lakh in Q4

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