D.P. Wires Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 23, 2022 at 02:26 pm IST
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D.P. Wires Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 1,783.32 million compared to INR 1,840.69 million a year ago. Revenue was INR 1,795.96 million compared to INR 1,841.4 million a year ago. Net income was INR 69.88 million compared to INR 83.04 million a year ago. Basic earnings per share from continuing operations was INR 5.15 compared to INR 6.12 a year ago. Diluted earnings per share from continuing operations was INR 5.15 compared to INR 6.12 a year ago.
For the full year, sales was INR 6,132.37 million compared to INR 4,667.22 million a year ago. Revenue was INR 6,159.73 million compared to INR 4,692.48 million a year ago. Net income was INR 290.53 million compared to INR 240.78 million a year ago. Basic earnings per share from continuing operations was INR 21.41 compared to INR 17.75 a year ago. Diluted earnings per share from continuing operations was INR 21.41 compared to INR 17.75 a year ago.
D P Wires Limited is an India-based company, which is engaged in manufacturing and supplying of steel wires, plastic pipes, and plastic films. The Company's products include low relaxation prestressed concrete (LRPC) Strands, induction tempered wire, steel wire and geomembrane sheet. The Company's products are used in oil & gas, power, environment, civil, energy, automobile, infrastructure, and others. Its products also include polyethylene (PE) film, plastic films, pond-lining film, high-density polyethylene (HDPE) film, cap covers, wires and others. Its products are sold in various countries, such as Nepal, Oman, Doha, Muscat, Sri Lanka, and others. The Company is also engaged in power generation through its two wind farms of 0.80 megawatt (MW) each in village Okha-Madhi and Jodhpur in Jamnagar district.