Pix Transmissions Limited Reports Audited Consolidated and Standalone Financial Results for the Half Year and Full Year Ended March 31, 2021
June 25, 2021 at 04:46 pm IST
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Pix Transmissions Limited reported audited consolidated and standalone financial results for the half year and full year ended March 31, 2021. For the quarter, the parent's total income was INR 1,206 million against INR 799 million for the same period of last year. Operating profit before exceptional items was INR 264 million against INR 87 million for the same period of last year. Profit after tax was INR 196 million or INR 14.38 per basic and diluted share against INR 67 million or INR 4.89 per basic and diluted share for the same period of last year.
For the year, the parent's total income was INR 3,782 million against INR 3,055 million for the same period of last year. Operating profit before exceptional items was INR 820 million against INR 334 million for the same period of last year. Profit after tax was INR 611 million or INR 44.87 per basic and diluted share against INR 268 million or INR 19.69 per basic and diluted share for the same period of last year.
For the quarter, the group's total income was INR 1,312 million against INR 882 million for the same period of last year. Operating profit before exceptional items was INR 298 million against INR 111 million for the same period of last year. Profit after tax was INR 219 million or INR 16.09 per basic and diluted share against INR 85 million or INR 6.22 per basic and diluted share for the same period of last year.
For the year, the group's total income was INR 4,046 million against INR 3,265 million for the same period of last year. Operating profit before exceptional items was INR 873 million against INR 374 million for the same period of last year. Profit after tax was INR 649 million or INR 47.63 per basic and diluted share against INR 302 million or INR 22.19 per basic and diluted share for the same period of last year.
PIX Transmissions Limited is an India-based manufacturer of belts and related mechanical power transmission products in India. The Company has manufacturing units, as well as an automated rubber mixing facility located in Nagpur, India. Its facilities include a design center, fabrication workshop and elaborate testing facilities. The Company also has an automated mixing plant, as well as an ultra-modern production facility. The Company has overseas subsidiary operations in Europe, and the Middle East, in addition to over 250 committed channel partners in over 100 countries worldwide. The Companyâs products include V-Belts, Ribbed / Poly-V Belts, Timing / Synchronous, Banded Belts, Special Belts, Automotive Belts, Industrial Belts, Agriculture Belts, Lawn & Garden Belts, Powerware Products, and Accessories. Its belts are used in mining and construction, power generation units, steel, cement, ceramic, textile, flour mills, oil and petroleum, machine tools and an array of applications.