TIL Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 20, 2014 at 01:01 pm
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TIL Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported standalone net sales or income from operations, net of excise duty of INR 737.8 million compared to INR 604.6 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 92.0 million compared to INR 17.7 million a year ago. Profit from ordinary activities before tax was INR 14.0 million compared to loss from ordinary activities before tax of INR 16.0 million a year ago. Net profit for the period was INR 9.2 million compared to Loss of INR 29.5 million a year ago. Basic and diluted earnings per share was INR 0.92 compared to loss per share INR 2.94 a year ago.
For the nine months, the company reported standalone net sales or income from operations, net of excise duty of INR 1,802.5 million compared to INR 1,766.7 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 16.1 million compared to INR 10.4 million a year ago. Loss from ordinary activities before tax was INR 187.3 million compared to INR 83.4 million a year ago. Loss from ordinary activities after tax was INR 209.5 million compared to INR 99.4 million a year ago. Loss for the period was INR 200.3 million compared to INR 115.9 million a year ago. Basic and diluted loss per share was INR 19.97 compared to INR 11.56 a year ago.
For the quarter, the company reported consolidated net sales or income from operations, net of excise duty of INR 3,093.1 million compared to INR 2,762.7 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 207.9 million compared to INR 168.4 million a year ago. Profit from ordinary activities before tax was INR 22.1 million compared to INR 58.7 million a year ago. Profit for the period was INR 8.3 million compared to INR 38.4 million a year ago. Basic and diluted earnings per share were INR 0.83 compared to INR 3.83 a year ago.
For the nine months, the company reported consolidated net sales or income from operations, net of excise duty of INR 8,951.0 million compared to INR 7,730.4 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 354.3 million compared to INR 240.7 million a year ago. Loss from ordinary activities before tax was INR 140.8 million compared to INR 130.9 million a year ago. Loss for the period was INR 184.6 million compared to INR 155.4 million a year ago. Basic and diluted loss per share was INR 18.40 compared to INR 15.49 a year ago.
TIL Limited is an India-based company. The Company is engaged in manufacturing a comprehensive range of material handling, lifting, port, and road construction equipment with integrated customer support and after-sales service requiring a range of spare parts. The Company operates through a single segment, Materials Handling Solutions (MHS). The Materials Handling Solutions segment is engaged in manufacturing and marketing of various material handling equipment, namely mobile cranes, port equipment, self-loading truck cranes, road construction equipment and others, and dealing in spares and providing services to related equipment. The Companyâs products include rough terrain cranes, truck cranes, pick and carry cranes, Grove Range, Crawler Cranes, Hyster ReachStackers and Forklift Trucks. The Company has two manufacturing facilities-Kamarhatty and Kharagpur in West Bengal.