Kalyani Forge Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 03:06 am
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Kalyani Forge Ltd. reported standalone unaudited earnings results for third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations was INR 558.6 million, profit from operations before other income and finance costs and exceptional items was INR 22.6 million, profit from ordinary activities before tax was INR 24.0 million, net profit was INR 17.2 million or INR 4.73 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations was INR 541.0 million, profit from operations before other income and finance costs and exceptional items was INR 13.3 million, profit from ordinary activities before tax was INR 12.3 million, net profit was INR 8.2 million or INR 2.25 per basic and diluted share before and after extraordinary items for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations was INR 1,709.3 million, profit from operations before other income and finance costs and exceptional items was INR 82.4 million, profit from ordinary activities before tax was INR 66.4 million, net profit was INR 45.3 million or INR 12.45 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations was INR 1,719.1 million, profit from operations before other income and finance costs and exceptional items was INR 53.1 million, profit from ordinary activities before tax was INR 37.5 million, net profit was INR 23.6 million or INR 6.49 per basic and diluted share before and after extraordinary items for the same period a year ago.
Kalyani Forge Limited is an India-based engineering company. The Company is engaged in providing forged, machined, and assembled products for various customers in various industries, such as automotive, construction, power generation, marine, railway, and industrial goods. The Companyâs products include engine parts, chassis system, driveline, industrial application, steering and suspension, transmission, and turbo charger. It offers a range of engine parts, such as connecting rod, crank shaft, cam shaft, retainer valve, cross head valve, injector clamp, rocker arm, balance weight cam lobe, and more. Its industrial application provides various cold and hot forged parts for industrial applications like power tools, conveyors, compressors, and others. It provides a range of products for chassis systems, such as idler arms, control arm, steering knuckle, FS arms and brackets. It supplies turbocharger parts like nozzle ring and pipe cast flanges.