Euro Ceramics Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended of March 31, 2016 and Consolidated Earnings Results for the Year Ended of March 31, 2016
May 31, 2016 at 01:23 pm IST
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Euro Ceramics Ltd. reported audited standalone earnings results for the fourth quarter and full year ended of March 31, 2016 and consolidated earnings results for the year ended of March 31, 2016. For the quarter, on a standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 213.018 million compared to INR 181.512 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 96.635 million compared to profit from operations before other income, finance costs and exceptional items of INR 11.443 million a year ago. Loss from ordinary activities before tax was INR 86.113 million compared to profit from ordinary activities before tax of INR 35.380 million a year ago. Net profit for the period was INR 66.279 million compared to INR 21.130 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.96 compared to INR 0.63 a year ago.
For the full year, on a standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 559.766 million compared to INR 497.109 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 284.347 million compared to INR 285.264 million a year ago. Loss from ordinary activities before tax was INR 275.121 million compared to INR 265.150 million a year ago. Net loss for the period was INR 122.729 million compared to INR 620.367 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 3.64 compared to INR 18.39 a year ago.
For the full year, on a consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 560.590 million compared to INR 505.134 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 334.213 million compared to INR 286.789 million a year ago. Loss from ordinary activities before tax was INR 324.194 million compared to INR 264.986 million a year ago. Net loss for the period was INR 171.874 million compared to INR 620.209 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 5.09 compared to INR 18.38 a year ago.
Euro Ceramics Limited is an India-based company. The Company provides porcelain tiles, sanitary ware, marbles, and wall tiles. The Company's segments include Tiles Division, Aluminum Division, Sanitaryware Division, and Realty Division. It offers vitrified tiles, composite marble, sanitary ware products, bathroom tiles and concepts, and tile-o-bond. The Companyâs vitrified tiles are designed to last, perfectly flat, stain-free, abrasion resistant, non-porous, intensely vitrified and extremely consistent in terms of color, strength and other properties. It provides a range of wall tiles with matching borders and motifs. Its vitrified tiles are manufactured in a sprawling factory at Bhachau, Kutch. It also has a Lignite-based 10MW captive power Plant for a stable supply of power at its plant. The Company serves sectors, such as Commercial Complexes, Residential, Retail, Information Technology (IT) Parks, and others.
Euro Ceramics Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended of March 31, 2016 and Consolidated Earnings Results for the Year Ended of March 31, 2016