Elecon Engineering Company Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
For the nine months, the company's net sales/income from operations was INR 3,263.010 million compared to INR 3,231.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 340.53 million compared to INR 278.213 million a year ago. Profit from ordinary activities before tax was INR 390.656 million compared to INR 152.752 million a year ago. Net profit was INR 276.141 million compared to INR 103.979 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 2.53 compared to INR 0.95 a year ago. EBITDA stood at INR 693 million as compared to INR 645 million during the corresponding period of previous year, an increase of 7% year-on-year.
For the quarter, the company's consolidated net sales/income from operations was INR 3,283.174 million compared to INR 3,018.693 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 72.845 million compared to profit of INR 212.891 million a year ago. Profit from ordinary activities before tax was INR 27.371 million compared to loss of INR 26.175 million a year ago. Net loss was INR 34.865 million compared to INR 58.866 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.39 compared to a loss of INR 0.34 a year ago. EBITDA stood at INR 94 million with EBITDA margins at 2.8%.
For the nine months, the company's net sales/income from operations was INR 8,629.594 million compared to INR 8,610.013 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 259.208 million compared to INR 378.29 million a year ago. Profit from ordinary activities before tax was INR 58.85 million compared to a loss of INR 144.34 million a year ago. Net loss was INR 62.942 million compared to INR 205.122 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.90 compared to a loss of INR 1.24 a year ago. EBITDA stood at INR 755 million as compared to INR 892 million during the corresponding period of previous year, a decline of 15% year-on-year.