SRF Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Audited Consolidated and Standalone Earnings Results for the Full Year Ended March 31, 2016
May 10, 2016 at 02:05 pm
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SRF Limited announced unaudited consolidated and standalone earnings results for the fourth quarter and audited consolidated and standalone earnings results for the full year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales (net of excise duty) of INR 8,853.5 million compared to INR 8,468.7 million a year ago. Profit from operations before other income, finance costs, exchange currency fluctuation and exceptional items was INR 1,231.9 million compared to INR 873.4 million a year ago. Profit from ordinary activities before tax was INR 1,104.1 million compared to INR 711.5 million a year ago. Net profit from ordinary activities after tax was INR 860.9 million or INR 15.00 per basic and diluted share compared to INR 587.9 million or INR 10.24 per basic and diluted share a year ago.
For the full year on standalone basis, the company reported net sales (net of excise duty) of INR 35,813.1 million compared to INR 35,702.1 million a year ago. Profit from operations before other income, finance costs, exchange currency fluctuation and exceptional items was INR 5,577.5 million compared to INR 4,498.1 million a year ago. Profit from ordinary activities before tax was INR 4,974.5 million compared to INR 3,961.1 million a year ago. Net profit from ordinary activities after tax was INR 3,608.7 million or INR 62.85 per basic and diluted share compared to INR 3,077.3 million or INR 53.59 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported net sales (net of excise duty) of INR 10,930.7 million compared to INR 10,653.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,564.6 million compared to INR 970.1 million a year ago. Profit from ordinary activities before tax was INR 1,355.7 million compared to INR 716.7 million a year ago. Net profit from ordinary activities after tax was INR 1,087.9 million or INR 18.95 per basic and diluted share compared to INR 604.2 million or INR 10.52 per basic and diluted share a year ago. EBIDTA was INR 2.338 billion against INR 1.638 billion a year ago.
For the full year, on consolidated basis, the company reported net sales (net of excise duty) of INR 45,308.2 million compared to INR 44,923.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6,718.0 million compared to INR 4,724.3 million a year ago. Profit from ordinary activities before tax was INR 5,707.5 million compared to INR 3,994.3 million a year ago. Net profit from ordinary activities after tax was INR 4,229.4 million or INR 73.66 per basic and diluted share compared to INR 3,028.1 million or INR 52.74 per basic and diluted share a year ago. EBIDTA was INR 9.988 billion against INR 7.915 billion a year ago.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.
SRF Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Audited Consolidated and Standalone Earnings Results for the Full Year Ended March 31, 2016