Excel Castronics Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016; Provides Turnover Guidance for the Fiscal Year 2017
For the full year, the company reported net sales (net of excise duty) of INR 763.842 million, profit from operations before other income, finance costs, prior period expenses, exceptional item and tax of INR 14.397 million, profit from ordinary activities before tax of 11.284 million, net profit for the period of INR 7.773 million or INR 0.19 per diluted share before and after extraordinary items compared to net sales (net of excise duty) of INR 304.754 million, profit from operations before other income, finance costs, prior period expenses, exceptional item and tax of INR 7.144 million, profit from ordinary activities before tax of INR 7.127 million, net profit for the period of INR 5.756 million or INR 0.14 per diluted share before and after extraordinary items a year ago.
The company is expecting to achieve the turnover of INR 1,500 million in the financial year 2016-17.