Balgopal Commercial Limited Reports Audited Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
Balgopal Commercial Limited reported audited earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company's net sales/income from operations was INR 10,283,600 compared to INR 26,276,465 a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,796,887 compared to INR 851,269 a year ago. Profit from ordinary activities before tax was INR 1,796,887 compared to INR 861,269 a year ago. Net profit was INR 1,644,126 compared to INR 670,067 a year ago. Basic and diluted earnings per share was INR 0.10 compared to INR 0.04 a year ago.
For the year, the company's net sales/income from operations was INR 25,990,750 compared to INR 38,110,465 a year ago. Profit from operations before other income, finance costs and exceptional items was INR 494,373 compared to INR 788,003 a year ago. Profit from ordinary activities before tax was INR 494,373 compared to INR 788,003 a year ago. Net profit was INR 341,612 compared to INR 596,800 a year ago. Basic and diluted earnings per share was INR 0.02 compared to INR 0.04 a year ago.