Gandhi Special Tubes Limited Reports Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 24, 2017 at 07:20 am
Share
Gandhi Special Tubes Limited reported unaudited standalone earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported total income from operations of INR 220.925 million, profit from operations before other income and finance costs and exceptional items of INR 56.186 million, profit from ordinary activities before tax of INR 71.155 million, net profit of INR 60.986 million or 4.15 basic and diluted per share compared to the total income from operations of INR 210.098 million, profit from operations before other income and finance costs and exceptional items of INR 42.097 million, profit from ordinary activities before tax of INR 46.682 million, net profit of INR 32.046 million or 2.18 basic and diluted per share for the same quarter a year ago.
For the year to date, the company reported total income from operations of INR 759.396 million, profit from operations before other income and finance costs and exceptional items of INR 220.996 million, profit from ordinary activities before tax of INR 292.246 million, net profit of INR 227.618 million or 15.49 basic and diluted per share compared to the total income from operations of INR 693.252 million, profit from operations before other income and finance costs and exceptional items of INR 169.923 million, profit from ordinary activities before tax of INR 182.372 million, net profit of INR 123.816 million or 8.42 basic and diluted per share for the same period a year ago.
Gandhi Special Tubes Limited is an India-based company, which is engaged in manufacturing of seamless and welded steel tubes, nuts, and generation of wind power. The Companyâs products include seamless steel tubes, welded tubes, coupling nuts, and fuel injection tubes. The Company is specialized in the manufacturing of welded tubes, cold formed coupling nuts and seamless tubes in various sizes and specifications. The Company manufactures automobile components and cold formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat. It has a plant located in Halol (Gujarat), and windmills at Bhogat, Navadara and Kutch (Gujarat), and Sangli (Maharashtra).