Reliance Chemotex Industries has announced a board meeting to approve the financial results for the quarter and half-year.

Q4 revenue declined to Rs 82.20 Cr from Rs 102.27 Cr year-on-year, while net profit rose to Rs 1.84 Cr from Rs 0.46 Cr.

Operating profit remained pressured by high raw material costs and finance expenses.

The board proposed a dividend of Rs 0.5 per share.

Debt stood around Rs 260 Cr, with cash flows improving but still limited by working capital demands.