Olectra Greentech (NSE:OLECTRA, BOM:532439) recorded a rise in its consolidated attributable profit to 210.0 million Indian rupees in the fiscal fourth quarter ended March 31, against 137.1 million rupees a year ago.
Earnings per share came in at 2.56 rupees compared with the year-ago figure of 1.67 rupees, according to a Monday filing to the Indian stock exchanges by the composite polymer insulators and electrical buses manufacturer.
Revenue from operations in fiscal Q4 also increased to 4.49 billion rupees from 2.89 billion rupees a year earlier.
The company's board recommended the final dividend of 0.40 rupees per equity share of 4 rupees each.
Olectra's shares were down nearly 6% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.