Ismt Ltd. Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017
May 30, 2017 at 11:11 am
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ISMT Ltd. announced unaudited standalone earnings results for the fourth quarter and audited standalone and consolidated earnings results for the full year ended March 31, 2017. For the quarter, the standalone company reported net sales of INR 2,458.0 million compared with INR 2,353.0 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 1.095 million compared with INR 2.541 million for the same period a year ago. Loss from ordinary activities before tax was INR 657.9 million compared with INR 921.2 million for the same period a year ago. Net loss was INR 657.9 million or INR 4.49 per basic and diluted share before and after extraordinary items compared with INR 1,015.1 million or INR 6.93 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the full year, the standalone company reported net sales of INR 10,287.8 million compared with INR 9,684.4 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 2.645 million compared with INR 5.969 million for the same period a year ago. Loss from ordinary activities before tax was INR 2,884.4 million compared with INR 3,728.2 million for the same period a year ago. Net loss was INR 2,884.4 million or INR 19.69 per basic and diluted share before and after extraordinary items compared with INR 3,822.1 million or INR 26.09 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the full year, the consolidated company reported net sales of INR 10,697.4 million compared with INR 9,915.1 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 272.9 million compared with INR 712.3 million for the same period a year ago. Loss from ordinary activities before tax was INR 2,905.9 million compared with INR 3,853.8 million for the same period a year ago. Net loss was INR 2,906.0 million or INR 19.83 per basic and diluted share before and after extraordinary items compared with INR 1,015.1 million or INR 26.95 per basic and diluted share before and after extraordinary items for the same period a year ago.
ISMT Limited is an India-based company, which is mainly engaged in the manufacturing of seamless tubes and engineering steels. The Companyâs products and services include steel, tubes, international piping products (IPP) and ISMT 360. It produces carbon, alloy and martensitic stainless-steel bars with a special emphasis on ultra-clean steels, free machining steels, bearing steels, and on other specially engineered steel grades. Its tubes are used in a variety of applications, such as the manufacture of auto-components, bearing races, drill rods, boilers and others. Its IPP products include cold rolled and machined bearing rings, cages for constant velocity joints, swaged and machined axles for trucks, honed tubes for cylinders, piston pins, bushes, spacers and others. ISMT 360 is a solution for original equipment manufacturers, small and medium-sized enterprises, and retailers. It also manufactures cold rolled and machined rings for bearings and constant velocity (CV) joints, and more.
Ismt Ltd. Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017