Fiem Industries Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023
May 30, 2023 at 04:34 pm IST
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Fiem Industries Limited reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported sales was INR 4,328.44 million compared to INR 4,835.21 million a year ago. Revenue was INR 4,408.41 million compared to INR 4,900.92 million a year ago.
Net income was INR 380.29 million compared to INR 337.11 million a year ago. Basic earnings per share from continuing operations was INR 14.45 compared to INR 12.81 a year ago. Diluted earnings per share from continuing operations was INR 14.45 compared to INR 12.81 a year ago.
Fiem Industries Limited is an India-based company that is primarily engaged in the business of manufacturing and supply of auto components. The Company manufactures automotive lighting and signaling equipment, rear-view mirror, prismatic mirror, plastic molded parts, bank angle sensor, canister and sheet metal components for motorized vehicles, and light-emitting diode (LED) luminaires comprising of indoor and outdoor lighting, display panels and integrated passenger information system. Its products include headlamps, tail lamps, other lamps, pistons, rings, engine valves, fuel pumps, carburetor, starter motor, generators, ignition system, spark plug, steering gears and systems, clutch plates, discs, axle assembly and wheels, leaf springs, shock, absorbers, brake assembly and facing, wiping systems, electric horns, dashboard instruments, sheet metal parts, pressure discs, castings and glass rubber. The Company operates approximately nine manufacturing facilities.
FIEM INDUSTRIES LIMITED 
