Ballarpur Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 07, 2017 at 09:35 am
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Ballarpur Industries Limited announced unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 5,839.8 million compared to INR 4,430.8 million a year ago. Loss before exceptional items and tax was INR 3,258.9 million compared to INR 4,230.9 million a year ago. Loss before tax was INR 3,258.9 million compared to INR 6,240.9 million a year ago. Loss for the period form continuing operations was INR 3,258.9 million or INR 2.18 per basic and diluted share compared to INR 5,235.7 million or INR 6.23 per basic and diluted share a year ago. Loss for the period attributable to owners of the company was INR 2,936.7 million or INR 2.61 per basic and diluted share compared to INR 4,520.3 million or INR 6.90 per basic and diluted share a year ago.
For the six months, on consolidated basis, the company reported revenue from operations of INR 10,783.8 million compared to INR 13,966.1 million a year ago. Loss before exceptional items and tax was INR 6,306.7 million compared to INR 5,166.4 million a year ago. Loss before tax was INR 6,306.7 million compared to INR 7,176.4 million a year ago. Loss for the period form continuing operations was INR 6,306.7 million or INR 5.27 per basic and diluted share compared to INR 6,121.2 million or INR 7.38 per basic and diluted share a year ago. Loss for the period attributable to owners of the company was INR 5,629.9 million or INR 6.31 per basic and diluted share compared to INR 5,761.7 million or INR 8.79 per basic and diluted share a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 408.5 million compared to INR 256.8 million a year ago. Loss before exceptional items and tax was INR 986.8 million compared to INR 1,189.6 million a year ago. Loss before tax was INR 986.8 million compared to INR 3,199.6 million a year ago. Loss for the period form continuing operations was INR 986.8 million or INR 0.88 per basic and diluted share compared to INR 2,995.4 million or INR 4.57 per basic and diluted share a year ago. Loss for the period attributable to owners of the company was INR 986.8 million or INR 0.88 per basic and diluted share compared to INR 2,995.4 million or INR 4.57 per basic and diluted share a year ago.
For the six months, on standalone basis, the company reported revenue from operations of INR 1,127.7 million compared to INR 1,330.5 million a year ago. Loss before exceptional items and tax was INR 1,651.7 million compared to INR 1,562.4 million a year ago. Loss before tax was INR 1,651.7 million compared to INR 3,572.4 million a year ago. Loss for the period form continuing operations was INR 1,651.7 million or INR 1.85 per basic and diluted share compared to INR 3,318.2 million or INR 5.06 per basic and diluted share a year ago. Loss for the period attributable to owners of the company was INR 1,651.7 million or INR 1.85 per basic and diluted share compared to INR 3,318.2 million or INR 5.06 per basic and diluted share a year ago.
Ballarpur Industries Limited is an India-based company, which is engaged in the business of f manufacturing and selling of writing and printing paper (Coated and Uncoated) and Pulp. The Companyâs segments include Uncoated Paper, Coated Paper, and Others. The Company operates two through two separate groups of subsidiaries and joint venture: one under the flagship entity BILT, and the other under its step-down subsidiary BILT Pape. Under the standalone entity, BILT, the direct assets include specialty paper business, operating from the Shree Gopal facility in Haryana; rayon grade pulp business operating from Kamalapuram in Telangana, and tissue paper business operating through its joint venture, Premier Tissues (India) Limited. Its other businesses comes under Bilt Paper B.V., which focuses on the woodfree printing and writing paper, coated and uncoated. The Company has six manufacturing operations across six production units, five of which are in India and one in Malaysia.
Ballarpur Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017