Maithan Alloys announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live News

Maithan Alloys announced that its wholly owned subsidiary, ImpexMetal & Ferro Alloys proposes to resume its production during the month of June`24 and production of ferro alloys will be gradually scaled up. Early last year, the subsidiary had switched-off its furnaces for indefinite period, due to steep increase in power cost.Powered by Capital Market - Live News

Maithan Alloys announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Maithan Alloys rose 44.77% to Rs 142.08 crore in the quarter ended March 2024 as against Rs 98.14 crore during the previous quarter ended March 2023. Sales declined 18.97% to Rs 433.27 crore in the quarter ended March 2024 as against Rs 534.73 crore during the previous quarter ended March 2023.For the full year,net profit declined 30.08% to Rs 348.96 crore in the year ended March 2024 as against Rs 499.07 crore during the previous year ended March 2023. Sales declined 40.08% to Rs 1728.64 crore in the year ended March 2024 as against Rs 2884.95 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales433.27534.73 -19 1728.642884.95 -40 OPM %1.5116.82 -6.6220.32 - PBDT179.82131.24 37 470.31758.93 -38 PBT174.78126.18 39 449.53738.72 -39 NP142.0898.14 45 348.96499.07 -30 Powered by Capital Market - Live News

Maithan Alloys announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2024 .Powered by Capital Market - Live News