Gujarat Intrux Limited Announces Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2014
January 29, 2015 at 08:58 am
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Gujarat Intrux Limited announced unaudited standalone earnings results for third quarter and nine months ended Dec. 31, 2014. For the quarter, the company reported net sales/income from operations of INR 149.488 million, profit from operations before other income, finance costs & exceptional items of INR 17.514 million, profit from ordinary activities before tax of INR 14.066 million, net profit of INR 9.742 million or INR 2.84 per basic and diluted share compared to the net sales/income from operations of INR 124.057 million, profit from operations before other income, finance costs & exceptional items of INR 20.317 million, profit from ordinary activities before tax of INR 21.402 million, net profit of INR 14.745 million or INR 4.27 per basic and diluted share for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations of INR 429.206 million, profit from operations before other income, finance costs & exceptional items of INR 49.483 million, profit from ordinary activities before tax of INR 46.534 million, net profit of INR 32.062 million or INR 9.33 per basic and diluted share compared to the net sales/income from operations of INR 300.851 million, profit from operations before other income, finance costs & exceptional items of INR 56.629 million, profit from ordinary activities before tax of INR 59.362 million, net profit of INR 40.707 million or INR 11.79 per basic and diluted share 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.