Subros Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
October 22, 2020 at 08:43 am
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Subros Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 4,618.7 million compared to INR 5,035.8 million a year ago. Net income was INR 177.3 million compared to INR 133.5 million a year ago. Basic earnings per share from continuing operations was INR 2.72 compared to INR 2.05 a year ago. For the half year, total revenue was INR 5,366.8 million compared to INR 10,781.3 million a year ago. Net loss was INR 62.9 million compared to net income of INR 548.5 million a year ago. Basic loss per share from continuing operations was INR 0.96 compared to basic earnings per share from continuing operations of INR 8.41 a year ago.
Subros Limited is an India-based manufacturer of thermal products for automotive applications. The Company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete air conditioning (AC) loop and caters to all segments, such as passenger vehicles, buses, trucks, refrigeration transport and railways. Its car AC and engine cooling parts products include blower, evaporator, cooling module, and hoses and tubes. Its railway AC products include roof mounted driver cab AC for diesel automotive, driver cab AC electric automotive and EMU cab AC. The Company's transport refrigeration system products include reefer SL 1400, reefer SL 3500, evaporator unit SL 3500, reefer SL 500 and compressor. It has a range of residential air conditioners, such as window AC and split AC system (inverter and fixed speed range) and supplies these products as original equipment manufacturer (OEM)/original design manufacturer (ODM) to various brands in the market.
SUBROS LIMITED 
