Sarla Performance Fibers Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 04:02 pm IST
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Sarla Performance Fibers Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on standalone basis, the company reported revenue from operations Of INR 711.163 million as compared to INR 687.729 million for the same period last year. Total income was INR 725.691 million as compared to INR 731.474 million for the same period last year. Profit before tax was INR 154.179 million as compared to INR 142.901 million for the same period last year. Profit after tax was INR 103.617 million as compared to INR 102.359 million for the same period last year. Profit for the period was INR 103.617 million or INR 1.24 basic and diluted per share as compared to INR 102.359 million or INR 1.23 basic and diluted per share for the same period last year.
For the nine months on standalone basis, the company reported revenue from operations Of INR 2,100.039 million as compared to INR 2,027.725 million for the same period last year. Total income was INR 2,312.123 million as compared to INR 2,172.400 million for the same period last year. Profit before tax was INR 506.180 million as compared to INR 465.060 million for the same period last year. Profit after tax was INR 366.767 million as compared to INR 327.331 million for the same period last year. Profit for the period was INR 366.767 million or INR 4.39 basic and diluted per share as compared to INR 327.331 million or INR 3.92 basic and diluted per share for the same period last year.
For the quarter on consolidated basis, the company reported revenue from operations Of INR 764.275 million as compared to INR 759.323 million for the same period last year. Total income was INR 796.361 million as compared to INR 812.261 million for the same period last year. Profit before tax was INR 152.263 million as compared to INR 152.625 million for the same period last year. Profit after tax was INR 101.391 million as compared to INR 112.083 million for the same period last year. Profit for the period was INR 100.909 million or INR 1.21 basic and diluted per share as compared to INR 111.628 million or INR 1.34 basic and diluted per share for the same period last year.
For the nine months on consolidated basis, the company reported revenue from operations Of INR 2,334.450 million as compared to INR 2,366.719 million for the same period last year. Total income was INR 2,490.624 million as compared to INR 2,511.924 million for the same period last year. Profit before tax was INR 422.939 million as compared to INR 488.866 million for the same period last year. Profit after tax was INR 283.217 million as compared to INR 351.136 million for the same period last year. Profit for the period was INR 281.803 million or INR 3.37 basic and diluted per share as compared to INR 349.309 million or INR 4.18 basic and diluted per share for the same period last year.
Sarla Performance Fibers Limited is an India-based company, which is primarily engaged in manufacturing of various types of polyester and nylon yarns. The Company specializes in the production and global export of polyester and nylon textured, twisted, and dyed yarns, along with covered yarns, high tenacity yarns, and sewing thread. The Company operates through two segments: Yarn and Wind Power. Its products include textured polyester yarn, textured nylon stretch yarn, high bulk textured polyester yarns, textured sewing thread, specialty sewing threads, high tenacity yarns and covered yarns. It has a range of applications, including narrow fabrics, hosiery applications, medical bandages, knitted and denim fabrics, leather goods, soft luggage, automotive seat belts and trims, mops, towels, shoe uppers, automotive airbags, and upholstery. The Company has four plants, two at Silvassa, one at Dadra, Union territory of Dadra and Nagar haveli and one at Vapi, Gujarat.
Sarla Performance Fibers Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017