Welcast Steels Ltd. announced that the Board of Directors of the company at its meeting held on May 04, 2013, has recommended a dividend of INR 5 per equity share of INR 10 each for the Financial Year ending on March 31, 2013 subject to the approval of the Shareholders of the Company.

Welcast Steels Ltd. reported unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2013. For the quarter, the company has reported profit from operations before other income, interest and exceptional items of INR 5.182 million, profit from ordinary activities before tax of INR 5.409 million and net profit of INR 2.910 million or INR 4.48 per diluted share on net sales of INR 598.300 million compared to profit from operations before other income, interest and exceptional items of INR 9.269 million, profit from ordinary activities before tax of INR 8.769 million and net profit of INR 6.048 million or INR 8.90 per diluted share on net sales of INR 542.259 million reported in the same period last year. For the year, the company has reported profit from operations before other income, interest and exceptional items of INR 42.915 million, profit from ordinary activities before tax of INR 38.067 million and net profit of INR 26.617 million or INR 41.13 per diluted share on net sales of INR 2,172.643 million compared to profit from operations before other income, interest and exceptional items of INR 45.583 million, profit from ordinary activities before tax of INR 42.86 million and net profit of INR 28.339 million or INR 44.25 per diluted share on net sales of INR 2,412.826 million reported in the same period last year.

Welcast Steels Ltd., Board Meeting, May 04, 2013. Agenda: To consider the audited results and the dividend.