Gujarat Automotive Gears Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 12, 2013 at 02:35 pm IST
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Gujarat Automotive Gears Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 56.566 million, profit from operations before other income, interest, finance costs & exceptional items of INR 15.871 million, profit from ordinary activities before tax of INR 17.952 million, net profit of INR 17.952 million or INR 51.29 per basic and diluted share before and after extraordinary items against net sales/income from operations of INR 58.182 million, profit from operations before other income, interest, finance costs & exceptional items of INR 10.807 million, profit from ordinary activities before tax of INR 13.804 million, profit from ordinary activities after tax and net profit of INR 13.804 million or INR 39.44 per basic and diluted share before and after extraordinary items a year ago.
For the year to date period, the company reported net sales/income from operations of INR 176.722 million, profit from operations before other income, interest, finance costs & exceptional items of INR 37.061 million, profit from ordinary activities before tax of INR 44.601 million, net profit of INR 44.601 million or INR 127.43 per basic and diluted share before and after extraordinary items against net sales/income from operations of INR 161.959 million, profit from operations before other income, interest, finance costs & exceptional items of INR 26.834 million, profit from ordinary activities before tax of INR 33.564 million, net profit of INR 33.564 million or INR 95.90 per basic and diluted share before and after extraordinary items a year ago.
HIM Teknoforge Limited is an India-based manufacturer and supplier of a wide variety of forgings and machined components (blanks and finished heat treated). The Company is engaged in a single business segment that is manufacturing auto component. Its product categories include machined components, forging and e-vehicles. Its machined components include gears and shafts, assemblies and sub-assemblies, gear box, PTO assembly, axles, crown wheel and bevel wheel kit, fork-lift parts, and kingpins and repair kits. Its e-vehicle products include e-rickshaws and e-loaders. Its range of gear products includes engine gear, crank gear, bull gear, spur gear and helical gear. The Company's shaft products include intermediate shafts, input shaft, main shaft, PTO shaft and drive shaft in spur and helical form. Its other auto parts products include suspension linkage parts, B.C. levers, steering lever, output flanges, shifter forks and selector shafts, axle tube nuts, and propeller shaft components.