The stock has erased morning gains to trade in the red on the stock exchanges. Currently, it is trading at Rs1,192.55 down by Rs39.7 or 3.22% from its previous closing of Rs1,232.25 on the BSE.
It reported 165.1% yoy fall in consolidated net revenues for the Mar-21 quarter at Rs2,732.82cr. On a sequential basis, net sales revenues were up 60.76% compared to total revenues in the Dec-20 quarter at Rs1,699.99cr.
Full year revenues for FY21 were 28.1% higher at Rs6,083cr. In terms of verticals, there was strong sales growth in cycles & accessories, engineering, metals formed systems, industrial systems and power systems. Barring Power Systems, all other verticals were EBITDA positive.
The Board of Directors of the Company has recommended a Final dividend of Rs.1.50 per share (i.e.150%), subject to the approval of the shareholders.