Diamond Power Infrastructure Limited Reports Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
February 14, 2017 at 01:20 pm IST
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Diamond Power Infrastructure Limited reported standalone and consolidated unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the standalone company reported net sales/income from operations of INR 2,520.885 million, loss from operations before other income and finance costs and exceptional items of INR 2,501.866 million, loss from ordinary activities before tax of INR 1,898.869 million, net loss of INR 1,898.869 million or INR 27.99 per basic and diluted share, compared to the net sales/income from operations of INR 4,695.936 million, loss from operations before other income and finance costs and exceptional items of INR 198.254 million, loss from ordinary activities before tax of INR 584.901 million, net loss of INR 511.058 million or INR 8.97 per basic and diluted share, for the same quarter a year ago.
For the year to date, the standalone company reported net sales/income from operations of INR 9,568.687 million, loss from operations before other income and finance costs and exceptional items of INR 4,189.685 million, loss from ordinary activities before tax of INR 4,778.313 million, net loss of INR 4,778.313 million or INR 70.43 per basic and diluted share, compared to the net sales/income from operations of INR 13,519.562 million, profit from operations before other income and finance costs and exceptional items of INR 333.494 million, loss from ordinary activities before tax of INR 799.456 million, net loss of INR 653.256 million or INR 11.46 per basic and diluted share, for the same period a year ago.
For the quarter, the consolidated company reported net sales/income from operations of INR 2,520.885 million, loss from operations before other income and finance costs and exceptional items of INR 2,833.839 million, loss from ordinary activities before tax of INR 1,899.173 million, net loss of INR 1,899.173 million or INR 31.43 per basic and diluted share, compared to the net sales/income from operations of INR 5,027.067 million, loss from operations before other income and finance costs and exceptional items of INR 603.998 million, loss from ordinary activities before tax of INR 603.998 million, net loss of INR 603.998 million or INR 9.3 per basic and diluted share, for the same quarter a year ago.
For the year to date, the consolidated company reported net sales/income from operations of INR 9,568.687 million, loss from operations before other income and finance costs and exceptional items of INR 5,713.283 million, loss from ordinary activities before tax of INR 4,778.616 million, net loss of INR 4,778.616 million or INR 74.14 per basic and diluted share, compared to the net sales/income from operations of INR 15,434.583 million, loss from operations before other income and finance costs and exceptional items of INR 818.732 million, loss from ordinary activities before tax of INR 818.732 million, net loss of INR 672.532 million or INR 11.8 per basic and diluted share, for the same period a year ago.
Diamond Power Infrastructure Limited is an India-based manufacturer of power transmission equipment. The Company is engaged in the manufacturing and sale of conductors, cables, and transmission towers. The Company operates in the Transmission and Distribution of Power (T&D) related business segment. It designs and manufactures a range of power transmission equipment that includes conductors, power cables (HV, LV, and UHV), and transmission towers. The Companyâs product portfolio includes power and control cables, MV and EHV cables, conductors, and transmission towers. Its transmission and distribution conductor products include EC Grade Aluminum Wire Rods, Aluminum Alloy Wire Rods, All Aluminum Conductors (AAC), All Aluminum Alloy Conductors (AAAC), Aluminum Conductor Steel Reinforced (ACSR), Aluminum Alloy Conductor Steel Reinforced (AACSR), and Aluminum Conductor Alloy Reinforced (ACAR), among others. The Companyâs wholly owned subsidiary is Diamond Power Global Holdings Limited.
Diamond Power Infrastructure Limited Reports Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016