Electrosteel Castings Limited Reports Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2012
January 14, 2013 at 01:24 pm
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Electrosteel Castings Limited reported unaudited earnings results for third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income of INR 4,795.898 million against INR 5,007.96 million for same period a year ago. Profit from operations before other income, interest and exceptional items for the period was INR 335.124 million against loss of INR 145.039 million for same period a year ago. Net profit for the period was INR 330.864 million or INR 1.01 per diluted share before and after extraordinary items against loss of INR 107.8 million or INR 0.33 per diluted share before and after extraordinary items for same period a year ago. Net sales were INR 4,726.83 million against INR 4,719.51 million a year ago.
For the nine months, the company reported total income of INR 14,202.676 million against INR 13,868.345 million for same period a year ago. Profit from operations before other income, interest and exceptional items for the period was INR 990.9 million against INR 612.558 million for same period a year ago. Net profit for the period was INR 527.915 million or INR 1.62 per diluted share before and after extraordinary items against INR 364.8 million or INR 1.12 per diluted share before and after extraordinary items for same period a year ago. Net sales were INR 13,799.2 million against INR 13,316.9 million a year ago.
Electrosteel Castings Limited is an India-based pipeline solution provider. The Company is engaged in the business of manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF) and cast iron (CI) pipes. Its products also include ductile iron flange pipes, restrained joint pipes, cement and ferro alloys. The Company operates through pipes and fittings segment. The Company's products DI pipes and DIF are used for various applications, such as water transmission and distribution, desalination plants, storm water drainages and sewage treatment plants. Its manufacturing facilities are spread across five locations in India. It caters to a customer base spread around the Indian subcontinent, Europe, North and South America, Southeast Asia, Middle East, and Africa. Its subsidiaries include Electrosteel Castings (UK) Limited, Electrosteel Algerie SPA, Electrosteel Doha for Trading LLC, Electrosteel Castings Gulf FZE, and Electrosteel Brasil Ltda. Tubos e Conexoes Duteis, and others.
ELECTROSTEEL CASTINGS LIMITED 
