Lakshmi Energy and Foods Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
For the nine months, on standalone basis, the company announced net sales/income from operations of INR 6,651.97 million against INR 5,779.50 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 386.97 million against INR 653.67 million a year ago. Loss from ordinary activities before tax was INR 421.82 million against INR 64.34 million a year ago. Net loss was INR 394.89 million or INR 5.90 per basic and diluted share for before and after extraordinary items compared to net profit of INR 13.58 million or INR 0.20 per diluted share for before and after extraordinary items a year ago. Cash loss for the period was INR 231.12 million against cash profit for the period of INR 361.27 million a year ago.
For the quarter, on consolidated basis, the company announced net sales/income from operations of INR 2,616.07 million compared to INR 1,184.26 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 33.89 million compared to INR 106.22 million a year ago. Loss from ordinary activities before tax was INR 255.85 million compared to INR 2.72 million a year ago. Net loss was INR 246.97 million or INR 3.69 per basic and diluted share for before and after extraordinary items compared to net profit of INR 19.05 million or INR 0.28 per diluted share for before and after extraordinary items a year ago. Cash loss for the period was INR 191.53 million against cash profit for the period of INR 136.47 million a year ago.
For the nine months, on consolidated basis, the company announced net sales/income from operations of INR 6,668.45 million against INR 5,732.71 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 348.35 million against INR 342.65 million a year ago. Loss from ordinary activities before tax was INR 460.44 million against INR 374.09 million a year ago. Net loss was INR 433.50 million or INR 6.48 per basic and diluted share for before and after extraordinary items compared to INR 296.29 million or INR 4.43 per diluted share for before and after extraordinary items a year ago. Cash loss for the period was INR 268.05 million against cash profit for the period of INR 52.07 million a year ago.