Century Enka said the board of directors has recommended a dividend of Rs 7 per share for the financial year ended March 31, 2018.
Textile company Century Enka said profit after tax during January-March quarter of FY18 degrew by 26.2 percent year-on-year to Rs 17.2 crore. The growth was dented by weak operational performance.
Profit in the same quarter last fiscal was at Rs 23.3 crore, which was impacted by exceptional loss of Rs 9.6 crore.
Revenue from operations grew by 14.7 percent to Rs 410.2 crore compared to Rs 367.5 crore in corresponding period last year.
Operating profit (EBITDA or earnings before interest, tax, depreciation and amortisation) in Q4FY18 fell 36.1 percent to Rs 34.9 crore and margin contracted 680 basis points to 8.5 percent compared to year-ago, partly impacted by higher raw material and power & fuel cost.
Century Enka said the board of directors has recommended a dividend of Rs 7 per share for the financial year ended March 31, 2018.
At 14:18 hours IST, the stock price was quoting at Rs 347.00, down Rs 15.60, or 4.30 percent amid high volumes on the BSE.