Ladderup Finance Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 28, 2014 at 01:09 pm
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Ladderup Finance Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on standalone basis, the company reported net sales or income from operations of INR 7.059 million against INR 9.602 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 6.939 million compared to INR 9.814 million last year. Profit from ordinary activities before tax was INR 6.838 million against INR 9.808 million a year ago. Net profit after minority interest was INR 6.088 million or INR 0.47 per basic and diluted share before and after extraordinary items against INR 8.208 million or INR 0.65 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on standalone basis, the company reported net sales or income from operations of INR 14.3 million against INR 14.291 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 23.341 million compared to INR 24.676 million last year. Profit from ordinary activities before tax was INR 23.235 million against INR 24.652 million a year ago. Net profit after minority interest was INR 21.235 million or INR 1.73 per basic and diluted share before and after extraordinary items against INR 21.652 million or INR 1.58 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company reported net sales or income from operations of INR 25.148 million against INR 38.486 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 2.403 million compared to INR 17.645 million last year. Profit from ordinary activities before tax was INR 2.371 million against INR 17.565 million a year ago. Net profit after minority interest was INR 2.482 million or INR 0.20 per basic and diluted share before and after extraordinary items against INR 13.332 million or INR 1.06 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company reported net sales or income from operations of INR 70.504 million against INR 78.591 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 9.797 million compared to INR 18.707 million last year. Profit from ordinary activities before tax was INR 9.936 million against INR 19.145 million a year ago. Net profit after minority interest was INR 8.183 million or INR 0.65 per basic and diluted share before and after extraordinary items against INR 14.015 million or INR 1.12 per basic and diluted share before and after extraordinary items a year ago.
Ladderup Finance Limited is an India-based non-banking financial company. The Company is primarily engaged in the business of financing. Its segments include investment activities, finance activities and investment advisory services. It specializes in private equity, mergers and acquisitions, equity capital markets, structured debt, project finance and venture investing. It invests in securities of listed and unlisted companies, predominantly for medium to long term. The Company's investment portfolio is diversified across various sectors, such as financial services, healthcare, retail, packaging, quick service restaurant, information technology and real estate, among others. Its subsidiary, Ladderup Wealth Management Private Limited, offers wealth management advisory to high network individuals, corporates, family offices and individuals. The Company offers a range of services and products, from mutual funds, insurance, bonds and structured products to portfolio management solutions.