The Andhra Sugars Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 31, 2015 at 04:25 pm IST
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The Andhra Sugars Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,882.183 million, loss from operations before other income, finance costs and exceptional items of INR 72.768 million, loss from ordinary activities before tax of INR 102.648 million and net loss for the period of INR 63.563 million or INR 2.34 per basic and diluted share before and after extraordinary items compared to net sales/income from operations (net of excise duty) of INR 1,729.673 million, profit from operations before other income, finance costs and exceptional items of INR 78.745 million, profit from ordinary activities before tax of INR 57.208 million and net profit for the period of INR 41.633 million or INR 1.54 per basic and diluted share before and after extraordinary items reported in the same period last year.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 6,095.908 million, profit from operations before other income, finance costs and exceptional items of INR 238.261 million, profit from ordinary activities before tax of INR 153.027 million and net profit for the period of INR 121.053 million or INR 4.47 per basic and diluted share before and after extraordinary items compared to net sales/income from operations (net of excise duty) of INR 5,471.447 million, profit from operations before other income, finance costs and exceptional items of INR 510.423 million, profit from ordinary activities before tax of INR 454.726 million and net profit for the period of INR 317.474 million or INR 11.71 per basic and diluted share before and after extraordinary items reported in the same period last year.
The Andhra Sugars Limited is an India-based manufacturer of sugar, industrial alcohol, chlor alkali products, aspirin, sulfuric acid, liquid and solid propellants. The Company also generates power through renewable and non-renewable resources. The Companyâs segments include Sugars, Chlor Alkali, Power Generation, and Industrial Chemicals. Its other segment comprises bulk drugs, UH 25 and monomethyl hydrazine (MMH) and liquid hydrogen and hydroxyl-terminated polybutadiene (HTPB). Its products offering includes sugars, pharma, and chemicals and Fertilizers. Its sugar products, which include Grade S31 and Sugar-Grade M31. Its pharma products include Salicylic Acid Pure, Sodium Salicylate (Tech.), Salicylic Acid (Tech.), Aspirin Starch Granules, Granules, Aspirin USP, Aspirin BP, Acetylsalicylic acid Ph.Eur., and Aspirin IP. Its chemicals and fertilizers products include Poly Aluminum Chloride (POWDER 30%), Super Phosphate, Sulfuric Acid, Poly Aluminum Chloride (Liquid) and others.