Gujarat Ambuja Exports Limited Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 25, 2014 at 02:32 pm IST
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Gujarat Ambuja Exports Limited reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of INR 11,244.362 million, profit from operations before other income, finance costs and exceptional items was INR 597.236 million, profit from ordinary activities before tax was INR 559.694 million and profit for the period was INR 421.287 million or INR 3.05 per basic and diluted share before and after extraordinary items against net sales of INR 10,282.559 million, profit from operations before other income, finance costs and exceptional items was INR 512.763 million, profit from ordinary activities before tax was INR 469.055 million and profit for the period was INR 346.917 million or INR 2.51 per basic and diluted share before and after extraordinary items.
For the nine months, the company reported net sales of INR 22,221.976 million, profit from operations before other income, finance costs and exceptional items was INR 877.836 million, profit from ordinary activities before tax was INR 833.274 million and profit for the period was INR 635.847 million or INR 4.60 per basic and diluted share before and after extraordinary items against net sales of INR 21,987.299 million, profit from operations before other income, finance costs and exceptional items was INR 1,325.155 million, profit from ordinary activities before tax was INR 1,216.095 million and profit for the period was INR 913.129 million or INR 6.60 per basic and diluted share before and after extraordinary items.
Gujarat Ambuja Exports Limited is an India-based manufacturer of corn starch derivatives, soya derivatives, feed ingredients, cotton yarn, and edible oils. The Company's segments include Spinning Division, Maize Processing Division, Other Agro Processing Division and Renewable Power Division. The Company's product profile includes solvent extraction comprising of all types of oil seed processing, edible oil refining, cotton yarn spinning, maize based starch and its derivatives, wheat processing/cattle feed and power generation through windmills, biogas, thermal power and solar plant mainly for internal consumption. Its starch derivates include maize starch, liquid glucose, dextrose monohydrate powder and dextrose anhydrous powder. Its edible oils include refined soyabean oil, filtered groundnut oil and refined cotton seed oil. It has various manufacturing plants at different locations in the states of Gujarat, Maharashtra, Madhya Pradesh, Uttarakhand, Karnataka and West Bengal.