Alfred Herbert Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 19, 2023 at 06:10 am
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Alfred Herbert (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported revenue was INR 12.26 million compared to INR 5.66 million a year ago. Net income was INR 7.79 million compared to INR 1.02 million a year ago. Basic earnings per share from continuing operations was INR 10.1 compared to INR 1.33 a year ago. Diluted earnings per share from continuing operations was INR 10.1 compared to INR 1.33 a year ago.
For the full year, revenue was INR 39.11 million compared to INR 57.31 million a year ago. Net income was INR 20.5 million compared to INR 17.44 million a year ago. Basic earnings per share from continuing operations was INR 26.57 compared to INR 22.61 a year ago. Diluted earnings per share from continuing operations was INR 26.57 compared to INR 22.61 a year ago.
Alfred Herbert (India) Limited is an India-based non-banking finance company, which is engaged in the financial service activities. The Company is engaged in non-banking financial activities. The Company operates through two segments: Manufacturing Operations, and Realty, Investments & Other Non-Banking Financial Activities. Its divisions include Realty and Business Services division, which is engaged in the business of developing, holding, and letting out real estate, investing in shares and securities and conducting treasury operations, and Sales and Marketing division, which is engaged in the business of trading and marketing of various types of machinery and spares. Its subsidiaries include Alfred Herbert Limited, which is involved in the manufacturing of machinery for the rubber and tire industries, also it has a factory at Bangalore and produces a range of rubber machineries, and Herbert Holdings Limited, which is engaged in non-banking financial activities.