Mahindra Forgings Limited Announces Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended Dec. 31, 2012
January 31, 2013 at 10:32 pm IST
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Mahindra Forgings Limited announced unaudited consolidated and standalone financial results for the third quarter and nine months ended Dec. 31, 2012. For the quarter, on standalone basis, the company reported total income from operations of INR 1,088.589 million against INR 1,098.514 million a year ago. Profit from operations before other income, financial cost & exceptional items was INR 106.184 million compared to INR 53.696 million a year ago. Profit from ordinary activities before tax was INR 109.898 million compared to INR 21.706 million a year ago. Net profit for the period was INR 109.898 million or INR 1.19 per basic and diluted share after extraordinary items compared to INR 21.706 million or INR 0.24 per basic and diluted share after extraordinary items a year ago. EBITDA was INR 180 million as compared to INR 120 million for the same period prior year.
For the nine months, on standalone basis, the company reported income from operations of INR 3,308.858 million against INR 3,173.632 million a year ago. Profit from operations before other income, financial cost & exceptional items was INR 261.142 million compared to INR 145.685 million a year ago. Profit from ordinary activities before tax was INR 252.419 million compared to INR 56.561 million a year ago. Net profit for the period was INR 252.419 million or INR 2.73 per basic and diluted share after extraordinary items compared to INR 56.561 million or INR 0.63 per basic and diluted share after extraordinary items a year ago. EBITDA was INR 470 million as compared to INR 330 million for the same period prior year.
For the quarter, on consolidated basis, the company reported revenue of INR 4,900 million, EBITDA of INR 70 million, loss after tax of INR 310 million as compared to revenue of INR 5,990 million, EBITDA of INR 570 million, profit after tax of INR 160 million for the same period prior year.
For the nine months, on consolidated basis, the company reported revenue of INR 16,520 million, EBITDA of INR 690 million, loss after tax of INR 450 million as compared to revenue of INR 18,260 million, EBITDA of INR 1,780 million, profit after tax of INR 540 million for the same period prior year.
CIE Automotive India Limited is an India-based company. The Company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including suppliers of components) in India and overseas. The Companyâs products include forgings, gears, iron castings, composites, magnetics, aluminum, and stampings. Its forgings products include crankshafts, CV joints, knuckles, diff crowns, and spindle. Its iron castings products include crankshafts, turbine housings, differential housings, axle housings, and gear carrier. Its composites products include front lid, wind shield-electric-3wh, electric box top tray, crash shields fuel tanks, and front bumper. Its aluminum products include crank case, pump housing, turbo cover (GDC), and brake panel. Its stampings products include chassis and structural parts, BIW panels and assemblies, cross car beam, safety assemblies, and fuel tank.
CIE AUTOMOTIVE INDIA LIMITED 
