Valley Magnesite Co. Ltd. has announced a board meeting to approve the financial results for the quarter and half-year.

The company reported total income of ₹62.88 lakh and a net profit of ₹115.26 lakh for the year.

The company posted a net loss before exceptional items and tax for the quarter but turned profitable by year-end.

There is no proposal to declare a dividend on equity shares.

These results reflect improved operational performance and could boost investor confidence in the company’s turnaround.