Ballarpur Industries Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2017
May 23, 2017 at 05:05 pm
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Ballarpur Industries Limited announced audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 3,772.2 million against INR 11,447.5 million a year ago. Loss before exceptional items and tax was INR 4,018.1 million against INR 70.6 million a year ago. Loss before tax was INR 5,071.1 million against INR 70.6 million a year ago. Loss for the period from continuing operations was INR 4,922.2 million or INR 7.51 per basic and diluted share against INR 64.5 million or INR 0.10 per basic and diluted share a year ago. Loss for the period was INR 6,673.9 million against INR 1,821.2 million a year ago. Basic and diluted loss share was INR 10.18 against INR 2.78 a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 21,213.9 million against INR 42,890.1 million a year ago. Loss before exceptional items and tax was INR 12,639.8 million against profit of INR 438.6 million a year ago. Loss before tax was INR 15,702.8 million against profit of INR 441.7 million a year ago. Loss for the period from continuing operations was INR 14,348.7 million or INR 21.89 per basic and diluted share against profit of INR 509.9 million or INR 0.78 per basic and diluted share a year ago. Loss for the period was INR 18,518.2 million against INR 2,792.7 million a year ago. Basic and diluted loss share was INR 28.40 against INR 4.26 a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 822.6 million against INR 1,938.7 million a year ago. Loss before exceptional items and tax was INR 387.5 million against INR 20.6 million a year ago. Loss before tax was INR 892.4 million against INR 20.6 million a year ago. Loss for the period from continuing operations was INR 892.4 million or INR 1.36 per basic and diluted share against INR 20.6 million or INR 0.03 per basic and diluted share a year ago. Loss for the period was INR 892.4 million against INR 20.6 million a year ago. Basic and diluted loss per share was INR 1.36 against INR 0.03 a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 2,230.7 million against INR 5,840.5 million a year ago. Loss before exceptional items and tax was INR 2,444.7 million against profit of INR 199.0 million a year ago. Loss before tax was INR 4,959.6 million against profit of INR 199.0 million a year ago. Loss for the period from continuing operations was INR 4,705.4 million or INR 7.18 per basic and diluted share against profit of INR 216.5 million or INR 0.33 per basic and diluted share a year ago. Loss for the period was INR 4,705.4 million against profit of INR 216.5 million a year ago. Basic and diluted loss per share was INR 7.18 against basic and diluted earnings per share of INR 0.33 a year ago.
Ballarpur Industries Limited is an India-based company, which is engaged in the business of f manufacturing and selling of writing and printing paper (Coated and Uncoated) and Pulp. The Companyâs segments include Uncoated Paper, Coated Paper, and Others. The Company operates two through two separate groups of subsidiaries and joint venture: one under the flagship entity BILT, and the other under its step-down subsidiary BILT Pape. Under the standalone entity, BILT, the direct assets include specialty paper business, operating from the Shree Gopal facility in Haryana; rayon grade pulp business operating from Kamalapuram in Telangana, and tissue paper business operating through its joint venture, Premier Tissues (India) Limited. Its other businesses comes under Bilt Paper B.V., which focuses on the woodfree printing and writing paper, coated and uncoated. The Company has six manufacturing operations across six production units, five of which are in India and one in Malaysia.