Elgi Rubber Company Limited Reports Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2017
January 25, 2018 at 05:23 am
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Elgi Rubber Company Limited reported unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported loss before exceptional items and tax of INR 14.040 million against profit of INR 0.709 million for the same period of last year. Loss before tax was INR 14.149 million against profit of INR 0.709 million for the same period of last year. Loss for the period was INR 8.483 million or INR 0.17 per diluted share against profit of INR 1.708 million or INR 0.03 per diluted share for the same period of last year. Net sales/income from operations was INR 907.102 million against INR 910.583 million for the same period of last year. Loss for the period from continuing operations was INR 8.483 million against profit for the period from continuing operations of INR 1.708 million a year ago.
For the nine months, on consolidated basis, the company reported loss before exceptional items and tax of INR 74.449 million against INR 49.025 million for the same period of last year. Loss before tax was INR 78.332 million against INR 49.025 million for the same period of last year. Loss for the period was INR 75.985 million or INR 1.52 per diluted share against profit of INR 53.317 million or INR 1.07 per diluted share for the same period of last year. Net sales/income from operations was INR 2,735.892 million against INR 2,903.741 million for the same period of last year. Loss for the period from continuing operations was INR 75.985 million against INR 53.317 million a year ago.
For the quarter, on standalone basis, the company reported profit before exceptional items and tax of INR 10.282 million against INR 16.385 million for the same period of last year. Profit before tax was INR 10.173 million against INR 16.385 million for the same period of last year. Profit for the period was INR 16.295 million or INR 0.33 per diluted share against INR 9.982 million or INR 0.20 per diluted share for the same period of last year. Net sales/income from operations was INR 464.709 million against INR 557.142 million for the same period of last year. Loss for the period from continuing operations was INR 16.295 million against INR 9.982 million a year ago.
For the nine months, on standalone basis, the company reported profit before exceptional items and tax of INR 23.896 million against INR 85.608 million for the same period of last year. Profit before tax was INR 20.013 million against INR 85.608 million for the same period of last year. Profit for the period was INR 23.364 million or INR 0.47 per diluted share against INR 63.906 million or INR 1.28 per diluted share for the same period of last year. Net sales/income from operations was INR 1,361.714 million against INR 1,620.136 million for the same period of last year. Loss for the period from continuing operations was INR 23.364 million against INR 63.906 million a year ago.
ELGI Rubber Co Ltd is engaged in providing solutions to the rubber industry. The Company is also engaged in the business of manufacturing reclaimed rubber, retreading machinery, and retreading rubber. The Company sells its products in various brands, including Jet, CRS, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources and Rubber Compounding Holland. Jet brand includes a range of tire and tube repairs and retreading and repair equipment. CRS brand offers Cincinnati Retread Systems. Armonas brand manufactures retread auxiliary machines, exhaust, and rubber dust handling equipment. Pincott offers rasps, blades, hubs, and spacers. Carbrasive brand offers brazed carbide tools. Midwest Rubber brand offers gums, adhesives, and sealants. Rubber Resources brand offers inner liner, tread, sidewall, and carcass compounds. Rubber Compounding Holland brand is specialized in the production of colored and black rubber compounds in both masterbatch and final batch.
Elgi Rubber Company Limited Reports Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2017