Eastern Gases Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
Eastern Gases Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company's net sales/income from operations (net of excise duty) was INR 627.949 million compared to INR 719.922 million a year ago. Profit from ordinary activities before tax was INR 22.412 million compared to INR 13.269 million a year ago. Net profit was INR 9.092 million compared to INR 13.269 million a year ago. Basic and diluted earnings per share was INR 0.61 compared to INR 0.88 a year ago.
For the year, the company's net sales/income from operations (net of excise duty) was INR 2,677.690 million compared to INR 2,284.0 million a year ago. Profit from ordinary activities before tax was INR 44.728 million compared to INR 40.488 million a year ago. Net profit was INR 31.408 million compared to INR 27.350 million a year ago. Basic and diluted earnings per share was INR 2.09 compared to INR 1.82 a year ago.