Nirlon Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 28, 2014 at 01:08 pm
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Nirlon Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported income from operations of INR 475.233 million compared to INR 365.806 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 271.534 million compared to INR 182.598 million a year ago. Profit after finance costs from ordinary activities before tax was INR 57.464 million compared to INR 21.298 million a year ago. Net profit after tax was INR 45.355 million compared to INR 21.298 million a year ago. Basic and diluted EPS was INR 0.63 compared to INR 0.30 a year ago.
For the nine months, the company reported income from operations of INR 1,238.016 million compared to INR 1,010.919 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 728.595 million compared to INR 451.987 million a year ago. Profit after finance costs from ordinary activities before tax was INR 195.868 million compared to loss after finance costs from ordinary activities before tax of INR 34.113 million a year ago. Net profit after tax was INR 157.338 million compared to net loss after tax of INR 34.113 million a year ago. Basic and diluted EPS was INR 2.19 compared to basic and diluted LPS of INR 0.47 a year ago.
Nirlon Limited is an India-based company, which is engaged in the development and management of the industrial park/information technology (IT) park. The Company is the owner of Nirlon Knowledge Park (NKP), which covers approximately 23-acres campus, that is located in Goregaon (East), Mumbai. Its customers include international and Indian corporates.