Rishi Laser Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019 and Announces Audited Consolidated Earnings Results for the Full Year Ended March 31, 2019
May 30, 2019 at 05:26 pm IST
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Rishi Laser Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2019 and announced audited consolidated earnings results for the full year ended March 31, 2019. For the quarter, the standalone company reported total revenue from operations was INR 364.009 million against INR 338.102 million a year ago. Profit before exceptional items & tax was INR 4.485 million against loss before exceptional items & tax of INR 2.029 million a year ago. Net profit was INR 7.269 million against INR 5.849 million a year ago. Basic and diluted earnings per share was INR 0.79 against INR 0.64 a year ago.
For the full year, the standalone company reported total revenue from operations was INR 1,406.378 million against INR 1,226.623 million a year ago. Profit before exceptional items & tax was INR 17.573 million against loss before exceptional items & tax of INR 7.823 million a year ago. Net profit was INR 34.328 million against net loss of INR 1.887 million a year ago. Basic and diluted earnings per share was INR 3.73 against basic and diluted loss per share of INR 0.21 a year ago.
For the quarter, the consolidated company reported total revenue from operations was INR 1,411.323 million against INR 1,230.261 million a year ago. Profit before exceptional items & tax was INR 18.319 million against loss before exceptional items & tax of INR 7.583 million a year ago. Net profit was INR 35.034 million against net loss of INR 1.014 million a year ago. Basic and diluted earnings per share was INR 3.81 against INR 0.11 a year ago.
Rishi Laser Limited is an India-based company, which is engaged in manufacturing of fabrication of sheet metal components and machines. The Company offers parts for excavating machines and manufactures steel fabrications and assemblies for a range of engineering industries. The Company uses computer numerical control (CNC) machines, including Laser Cutting, Punching, Plasma Cutting, Bending, Boring and Milling Machines. The Company operates various facilities for welding, powder - coating, painting, plating, and assembly. It has six units located in five cities. It is engaged in four verticals: construction equipment, automotive, rail transportation and power (transmission and distribution). Its services include contract manufacturing, design and development, punching, sheet steel fabrication, bending, laser cutting, welding and surface treatment. It serves various industries, including textile and general engineering, telecommunications and instrumentations, and earthmoving machinery.
Rishi Laser Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019 and Announces Audited Consolidated Earnings Results for the Full Year Ended March 31, 2019