Eimco Elecon Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 21, 2013 at 08:06 am
Share
Eimco Elecon (India) Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 356.389 million, total income from operations of INR 358.563 million, profit from operations before other income, finance, costs and exceptional items of INR 16.652 million, profit from ordinary activities before tax of INR 21.511 million, net profit of INR 16.017 million or INR 2.78 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 431.945 million, total income from operations of INR 435.245 million, profit from operations before other income, finance, costs and exceptional items of INR 24.278 million, profit from ordinary activities before tax of INR 27.793 million, net profit of INR 21.658 million or INR 3.75 per basic and diluted share after extraordinary items for the same quarter year ago.
For the nine months period, the company reported net sales/income from operations of INR 1,222.393 million, total income from operations of INR 1,231.020 million, profit from operations before other income, finance, costs and exceptional items of INR 141.150 million, profit from ordinary activities before tax of INR 169.084 million, net profit of INR 126.907 million or INR 22.00 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 1,184.902 million, total income from operations of INR 1,194.245 million, profit from operations before other income, finance, costs and exceptional items of INR 84.739 million, profit from ordinary activities before tax of INR 192.221 million, net profit of INR 145.354 million or INR 25.20 per basic and diluted share after extraordinary items for the same period year ago.
Eimco Elecon (India) Limited is an India-based company. The Company is principally engaged in the business of manufacturing of equipment for mining and construction sector. The Company produces a range of underground coal mining machinery and construction equipment. The Company offers its products for a range of applications, including coal mining, metal mining, construction equipment, foundation equipment and underground transport system. Its products include Air Motors, 811-Load Haul Dumper, 912E-Load Haul Dumper, 912B MK II-Load Haul Dumper, low Profile Dump Truck, 912CH-Coal Hauler, 625-Side Dump Loader, 611-Side Dump Loader, 611-Universal Drill Machine, 824-Rocker Shovel Loader, 150/1000B-Hopper Loader, AL 120-Articulated Wheel Loader, AL 520-Articulated Wheel Loader, 21B-Rocker Shovel Loaders, Coal Hauler, Continuous Miner Package, Drill Machine, Piling Rig and Chair Lift Man Riding System. The Company's plant is located in Vallabh Vidyanagar, Gujarat.