Shilp Gravures Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 30, 2012 at 01:05 pm
Share
Shilp Gravures announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2011. On a standalone basis, for the quarter the company reported net profit of INR 13.72 million or INR 2.23 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 26.88 million on net sales of INR 134.43 million compared to net profit of INR 5.62 million or INR 0.91 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 11.10 million on net sales of INR 121.87 million for the same period a year ago.
On a consolidated basis, for the quarter the company reported net profit of INR 14.09 million or INR 2.29 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 28.28 million on net sales of INR 146.51 million.
On a standalone basis, for the nine months the company reported net profit of INR 42.14 million or INR 6.85 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 72.07 million on net sales of INR 419.55 million compared to net profit of INR 27.38 million or INR 4.45 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 48.44 million on net sales of INR 363.40 million for the same period a year ago.
On a consolidated basis, for the nine months the company reported net profit of INR 42.90 million or INR 6.98 per basic and diluted share before and after extraordinary items and profit from operations before other income, interest and exceptional items of INR 74.26 million on net sales of INR 417.00 million.
Shilp Gravures Limited is an India-based company, which is engaged in engraving of rollers using three different engraving technologies, such as electronic, laser and chemical etching. The engraved rollers are used in printing and packaging industries. The Companyâs segments include manufacture of engraved copper rollers, power generation through windmill/solar, and Others. Its products include gravure, embossed rollers, base rollers, and flexo rollers. Its product gravure is used for labels, cartons, packaging, gift-wrap, wall and floor coverings, and a variety of precision coating applications. It serves various gravure industries, such as flexible packaging, anilox rollers, polyvinyl chloride (PVC) flooring, decorative laminates, specialty coatings, artificial leather, gift wrapper, security printing, and transfer printing. Its wholly owned subsidiary is Etone India Private Limited. Its plant is located at Village Rakanpur, Taluka Kalol, District Gandhinagar in Gujarat, India.