Sharda Cropchem Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 12:11 pm
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Sharda Cropchem Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on consolidated basis, net sales/income from operation was INR 1,792.283 million against INR 1,838.108 million a year ago. Profit from operation before other income, finance cost and prior period adjustments was INR 164.185 million against loss of INR 5.278 million a year ago. Profit from ordinary activities before tax was INR 157.780 million against INR 57.056 million a year ago. Net profit was INR 83.532 million or INR 0.93 per basic and diluted share against INR 52.495 million or INR 0.58 per basic and diluted share a year ago.
For the nine months, net sales/income from operation was INR 6,945.632 million against INR 7,205.480 million a year ago. Profit from operation before other income, finance cost and prior period adjustments was INR 903.605 million against INR 855.649 million a year ago. Profit from ordinary activities before tax was INR 1,044.221 million against INR 1,036.152 million a year ago. Net profit was INR 686.022 million or INR 7.60 per basic and diluted share against INR 748.916 million or INR 8.30 per basic and diluted share a year ago.
For the quarter on standalone basis, net sales/income from operation was INR 1,367.258 million against INR 1,140.568 million a year ago. Profit from operation before other income, finance cost and prior period adjustments was INR 211.527 million against loss from operation before other income, finance cost and prior period adjustments of INR 46.108 million a year ago. Profit from ordinary activities before tax was INR 225.628 million against INR 1.995 million a year ago. Net profit was INR 145.865 million or INR 1.52 per basic and diluted share against net loss of INR 0.011 million or INR 0.01 per basic and diluted share a year ago.
For the nine months, net sales/income from operation was INR 5,020.408 million against INR 4,978.095 million a year ago. Profit from operation before other income, finance cost and prior period adjustments was INR 663.677 million against INR 369.82 million a year ago. Profit from ordinary activities before tax was INR 1,103.560 million against INR 814.898 million a year ago. Net profit was INR 743.546 million or INR 8.24 per basic and diluted share against INR 535.620 million or INR 5.94 per basic and diluted share a year ago.
Sharda Cropchem Limited is an India-based agrochemicals company. The Company is focused on agrochemicals and non-agrichemical businesses. The Company operates through an asset-light business model, and its core competency lies in developing product dossiers and obtaining product registrations in different countries. The Company operates through two segments: Agrochemicals and Non-agrochemicals. Agrochemicals segment is engaged in Insecticides, Herbicides, Fungicides and Biocides. Non-agrochemicals segment is engaged in Conveyor Belts, V Belts and Timing Belts. Its product portfolio in the agrochemical business comprises formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and a range of formulations and generic active ingredients. The product portfolio in the non-agrochemical business comprises belts, general chemicals, dyes and dye intermediates.
SHARDA CROPCHEM LIMITED 
