Gujarat Intrux Limited Announces Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 07:22 am
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Gujarat Intrux Limited announced unaudited standalone earnings results for third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 49.335 million, profit from operations before other income, finance costs & exceptional items of INR 1.146 million, profit from ordinary activities before tax of INR 2.621 million, net profit of INR 1.852 million or INR 0.54 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations of INR 86.852 million, profit from operations before other income, finance costs & exceptional items of INR 1.120 million, profit from ordinary activities before tax of INR 1.273 million, net profit of INR 1.042 million or INR 0.30 per basic and diluted share before and after extraordinary items for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations of INR 193.93 million, profit from operations before other income, finance costs & exceptional items of INR 8.852 million, profit from ordinary activities before tax of INR 11.981 million, net profit of INR 8.401 million or INR 2.45 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations of INR 347.777 million, profit from operations before other income, finance costs & exceptional items of INR 17.386 million, profit from ordinary activities before tax of INR 13.255 million, net profit of INR 9.063 million or INR 2.64 per basic and diluted share before and after extraordinary items for the same period a year ago.
Gujarat Intrux Limited is an India-based company, which is engaged in manufacturing and supplying stainless steel, non-alloy steel and alloy steel castings. The Company has a semi-automatic molding loop line. The Company's melting shop is equipped with approximately two medium frequency induction furnaces of 400 and 1000 kilowatts, with varying crucibles of 100 kilograms (kg), 400 kg, 900 kg, 1500 kg and 3000 kg. Its testing equipment includes spectrophotometers, chemical (wet) analysis laboratory, mechanical testing laboratory, hardness testing, metallography laboratory, inter granular corrosion test (IGCT) facility, dye (liquid) penetrant test facilities, magnetic particle testing, radiography, ultrasonic testing and RAD check meter with external detector. The Company's production capacity of foundry is approximately 300 tons per month. The plant is equipped with various infrastructure, equipment, and machineries. The Company's plant is located at Rajkot, Gujarat.