kalyani forge ltd (KF) Snapshot

Kalyani Forge Ltd. announced that the Board of Directors of the company at its meeting held on May 17, 2013, has recommended a final dividend of INR 2.50 per Equity share of INR 10 each (25%). Further the company has announced that Mr. Viraj G. Kalyani has been appointed as an additional director of the company.

Kalyani Forge Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company's net sales were INR 514.0 million against INR 721.6 million a year ago. Profit from operations before interest & exceptional items were INR 8.2 million against INR 41.9 million a year ago. Profit from ordinary activities before tax was INR 1.8 million against INR 28.3 million a year ago. Net loss was INR 1.6 million or INR 0.44 basic and diluted per share against net profit of INR 19.4 million or INR 5.34 basic and diluted per share a year ago. For the year, the company has posted net sales of INR 2,581.0 million against INR 2,724.9 million a year ago. Profit from operations before interest & exceptional items were INR 190.0 million against INR 268.8 million a year ago. Profit from ordinary activities before tax was INR 137.3 million against INR 198.5 million a year ago. Net profit was INR 88.3 million or INR 24.27 basic and diluted per share against INR 134.1 million or INR 36.87 basic and diluted per share a year ago.

Kalyani Forge Ltd. announced that they will report Q4, 2013 results on May 17, 2013