Astra Microwave Products Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 31, 2015 at 04:03 pm IST
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Astra Microwave Products Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 1,480.126 million compared to INR 1,833.669 million a year ago. Profit from operations before interest and exceptional items was INR 177.656 million compared to INR 125.793 million a year ago. Profit before tax was INR 158.243 million compared to INR 129.620 million a year ago. Net profit for the period was INR 127.013 million compared to INR 108.663 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.55 compared to INR 1.33 a year ago.
For the nine months, the company reported net sales/income from operations of INR 5,259.945 million compared to INR 3,358.876 million a year ago. Profit from operations before interest and exceptional items was INR 779.438 million compared to INR 272.511 million a year ago. Profit before tax was INR 767.811 million compared to INR 311.749 million a year ago. Net profit for the period was INR 552.034 million compared to INR 246.311 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 6.75 compared to INR 3.01 a year ago.
Astra Microwave Products Limited is engaged in the business of designing, developing, and manufacturing sub-systems for radio frequency and microwave systems used in defense, space, meteorology and telecommunication. The Companyâs principal activities is to manufacture, produce, assemble, repair, maintain, import, export, buy, sell or otherwise deal in all kinds of electronic items and components, including various kinds of filters, power dividers, directional couplers amplifiers, circulators, isolators, power combiners, antennae, sources, voltage-controlled oscillators, terminations and loads, among others; systems and subsystems, and very high frequency (VHF), ultra-high frequency (UHF) and microwave bands for various kinds of applications. Its products include Radar, Sub-systems and Systems, Space onboard and ground Sub-systems, and Missile Electronics and Sub-systems. It offers a diverse range of microwave products like filters, transmitters, receivers and antennas.