TD Power Systems' net profit declined by 18% to Rs 29.02 crore in the March quarter due to higher expenses, but full-year profit rose.
New Delhi, May 23 (PTI) TD Power Systems on Thursday reported a nearly 18 per cent fall in its consolidated net profit to Rs 29.02 crore in the March quarter compared to the year-ago period mainly due to higher expenses.
The company reported a consolidated net profit of Rs 35.35 crore in the quarter ended on March 31, 2023, a BSE filing showed.
Total expenses in the quarter rose to Rs 227.65 crore from Rs 211.68 crore in the same period a year ago.
The consolidated net profit in 2023-24 rose to Rs 118.34 crore from Rs 96.81 crore a year ago.
The board also recommended a final dividend of Rs 0.60 per equity share with a face value of Rs 2 each for 2023-24.
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