Mangalam Cement has reported a growth of 10.63 per cent in its net profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 17.27 crore in Q4 FY24 as against Rs 15.61 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net total income stood at Rs 456.48 crore in Q4 FY24, a dip of 1.92 per cent from Rs 465.42 crore it recorded in the similar quarter last year.The board of directors recommended a dividend of Rs 1.50 per equity share of Rs 10 each for the financial year ended March 31, 2024.
For the financial year 2023-24, its total income stood at Rs 1,763.95 crore as against Rs 1,836.53 crore in FY23. Its profit after tax stood at Rs 59.71 crore in FY24 vis-a vis Rs 17.12 crore it registered in FY23.
