Lanco Infratech Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2015
On consolidated basis, for the six months, the company reported income from operations of INR 48,844.3 million against INR 48,252.3 million a year ago. Profit from operations before other income, foreign exchange fluctuations, finance costs, prior period items and exceptional items was INR 10,714.4 million compared to INR 6,796.1 million a year ago. Loss from ordinary activities before tax was INR 1,701.2 million compared to INR 8,238 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.83 against INR 3.53 last year. Net profit after taxes, minority interest and share of associates was INR 2,013.8 million compared to loss of INR 8,338.3 million a year ago. Adjusted EBITDA increased by 118% year on year to INR 14,984 million in first half of 2016 from INR 6,887 million in first half of 2015. As at September 30, 2015, the company's net debt was INR 349,887 million. Adjusted LAT was INR 1,127 million compared to INR 8,323 million a year ago.
On standalone basis, for the quarter, income from operations was INR 11,111.7 million against INR 4,575.7 million last year. Profit from operations before other income, foreign exchange fluctuations, finance costs and exceptional items was INR 2,157.8 million compared to loss of INR 243.0 million a year ago. Profit from ordinary activities before tax was INR 60.9 million compared to loss of INR 894.2 million a year ago. Net profit for the period was INR 60.9 million compared to loss of INR 894.2 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.03 against loss of INR 0.38 last year.
On standalone basis, for the six months, income from operations was INR 13,484.2 million against INR 8,093 million last year. Profit from operations before other income, foreign exchange fluctuations, finance costs and exceptional items was INR 2,123.6 million compared to loss from operations before other income, foreign exchange fluctuations, finance costs and exceptional items of INR 299.8 million a year ago. Loss from ordinary activities before tax was INR 812.3 million compared to INR 2,383.4 million a year ago. Net profit for the period was INR 812.3 million compared to INR 2,383.4 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.33 against INR 1.01 last year.