Mafatlal Industries has been appraised at Maturity Level 3 (ML3) of the CMMI Institute`s Capability Maturity Model Integration (CMMI)� for CMMI- DEV and CMMI-SVC. An appraisal at Maturity Level 3 indicates that the Company is performing at a �Defined� level. At this level, the company focuses on achieving both projects and organizational performance objectives. Maturity Level 3 signifies that Mafatlal Industries use organizational standards and tailors to address project and work characteristics, enabling the use and contribution to organizational assets. The focus is on achieving project and organizational performance objectives while fostering continuous improvement and delivering high-quality products and services.CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance. The CMMI framework and associated best practices are widely used by organisations around the world to guide improvement in their processes. Powered by Capital Market - Live News

Net profit of Mafatlal Industries declined 4.59% to Rs 19.97 crore in the quarter ended September 2024 as against Rs 20.93 crore during the previous quarter ended September 2023. Sales rose 222.58% to Rs 995.52 crore in the quarter ended September 2024 as against Rs 308.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales995.52308.61 223 OPM %1.852.34 - PBDT29.6524.77 20 PBT25.9020.93 24 NP19.9720.93 -5 Powered by Capital Market - Live News

Mafatlal Industries will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live News

Net profit of Mafatlal Industries rose 10.55% to Rs 30.38 crore in the quarter ended June 2024 as against Rs 27.48 crore during the previous quarter ended June 2023. Sales declined 22.84% to Rs 451.88 crore in the quarter ended June 2024 as against Rs 585.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales451.88585.61 -23 OPM %5.472.11 - PBDT27.1231.38 -14 PBT23.5727.48 -14 NP30.3827.48 11 Powered by Capital Market - Live News

Mafatlal Industries announced that the Board of Directors of the Company at its meeting held on 2 August 2024, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live News