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Dynamic Cables' Consolidated Profit Rises in Fiscal Q4; Shares Plunge 20%

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Dynamic Cables' (NSE:DYCL, BOM:540795) profit rose to 241.7 million Indian rupees in the fiscal fourth quarter ended March 31, from 235.6 million Indian rupees a year ago, according to a Tuesday filing to the Indian stock exchanges.

Earnings per share climbed to 4.99 rupees from 4.87 rupees a year ago, the cable manufacturer said in a filing to the Indian stock exchanges on Tuesday.

Revenue from operations in fiscal Q4 also increased to 3.55 billion rupees from 3.31 billion rupees a year ago.

The company's board recommended a final dividend of 0.50 rupees per equity share of face value of 10 rupees each fully paid up, for the financial year ended March 31.

The company's shares were down 20% in recent trade.

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