Batliboi Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 27, 2012 at 03:22 pm
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Batliboi Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the third quarter, on standalone basis, the company reported net sales/income from operations of INR 293.94 million compared to INR 313.08 million a year ago. Loss from operations before other income, interest & exceptional items was INR 2.19 million compared to profit from operations before other income, interest & exceptional items of INR 16.93 million a year ago. Loss from ordinary activities before tax was INR 2.14 million compared to profit from ordinary activities before tax of INR 5.50 million a year ago. Net loss was INR 1.71 million or INR 0.06 per basic and diluted share compared to net profit of INR 4.68 million or INR 0.16 per basic and diluted share for the same period a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 856.32 million compared to INR 860.73 million a year ago. Profit from operations before other income, interest & exceptional items was INR 1.02 million compared to INR 46.67 million a year ago. Profit from ordinary activities before tax was INR 5.10 million compared to INR 31.0 million a year ago. Net profit was INR 4.08 million or INR 0.14 per basic and diluted share compared to INR 26.43 million or INR 0.92 per basic and diluted share for the same period a year ago.
For the third quarter, on consolidated basis, the company reported net sales/income from operations of INR 626.66 million compared to INR 616.60 million a year ago. Profit from operations before other income, interest & exceptional items was INR 41.50 million compared to INR 5.04 million a year ago. Profit from ordinary activities before tax was INR 39.86 million compared to loss from ordinary activities before tax of INR 9.13 million a year ago. Net profit was INR 35.04 million or INR 1.22 per basic and diluted share compared to net loss of INR 6.40 million or INR 0.22 per basic and diluted share for the same period a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 1,710.29 million compared to INR 1,611.13 million a year ago. Profit from operations before other income, interest & exceptional items was INR 8.46 million compared to INR 2.56 million a year ago. Profit from ordinary activities before tax was INR 6.55 million compared to loss from ordinary activities before tax of INR 19.21 million a year ago. Net profit was INR 0.40 million or INR 0.01 per basic and diluted share compared to net loss of INR 17.16 million or INR 0.60 per basic and diluted share for the same period a year ago.
Batliboi Limited is an India-based holding company that is engaged in manufacture and trading of machine tool and textile engineering machines. The Company is in the business of machine tools, air engineering, textile machinery, environmental engineering, wind energy, motors, international marketing, and logistics. The Companyâs manufacturing facilities are located at Surat in India and Peterborough in Canada. Its machine tool business manufactures as well as sources brands of machine tools and manufactures conventional and special purpose machines. Its air engineering business manufacture a range of air engineering equipment which include fans, air washer systems, chiller packages, rotary drum filter, rotary water filter, fiber recovery and condensing systems and other auxiliary equipment. Its textile machinery business serves the spinning, knitting, processing, garment printing and technical textile industry. Its subsidiaries include Queen Projects Mauritius Ltd., and Quickmill Inc.