Premier Pipes Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
Premier Pipes Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company's net sales/income from operations (net of excise duty) was INR 49.054 million compared to INR 78.563 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1.114 million compared to INR 0.041 million a year ago. Profit from ordinary activities before tax was INR 0.656 million compared to loss of INR 0.033 million a year ago. Net profit was INR 0.597 million compared to INR 0.232 million a year ago. Earnings per share before and after extraordinary items was INR 0.17 compared to INR 0.07 a year ago.
For the year, the company's net sales/income from operations (net of excise duty) was INR 312.950 million compared to INR 340.454 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 11.109 million compared to INR 9.204 million a year ago. Profit from ordinary activities before tax was INR 4.107 million compared to INR 3.503 million a year ago. Net profit was INR 2.982 million compared to INR 2.675 million a year ago. Earnings per share before and after extraordinary items was INR 0.84 compared to INR 0.75 a year ago.