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Kalyani Steels' Net Profit Slides in Fiscal Q4

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-- Kalyani Steels (NSE:KSL, BOM:500235) posted a decline in its net profit to 716.8 million Indian rupees in the fiscal fourth quarter ended March 31 against 802 million rupees a year ago.

Earnings per share contracted to 16.42 rupees compared with 18.37 rupees, according to a Friday filing to the stock exchanges by the steel manufacturer.

Revenue from operations in fiscal Q4 increased to 4.84 billion Indian rupees against 5.44 billion rupees a year earlier.

The board of directors has recommended a dividend of 10 rupees per share for the financial year ended March 31.

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