Premier Pipes Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
Premier Pipes Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company's net sales/income from operations (net of excise duty) was INR 78.563 million compared to INR 162.705 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.041 million compared to loss of INR 4.689 million a year ago. Loss from ordinary activities before tax was INR 0.033 million compared to profit of INR 1.479 million a year ago. Net profit was INR 0.232 million compared to INR 1.479 million a year ago. Earnings per share before and after extraordinary items was INR 0.07 compared to INR 0.42 a year ago.
For the year, the company's net sales/income from operations (net of excise duty) was INR 340.454 million compared to INR 295.188 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9.204 million compared to INR 0.375 million a year ago. Profit from ordinary activities before tax was INR 3.503 million compared to INR 3.748 million a year ago. Net profit was INR 2.675 million compared to INR 2.819 million a year ago. Earnings per share before and after extraordinary items was INR 0.75 compared to INR 0.79 a year ago.