Meera Industries Limited Announces Audited Standalone Earnings Results for the Half Year and Full Year Ended March 31, 2017
Meera Industries Limited announced audited standalone earnings results for the half year and full year ended March 31, 2017. For the half year, the company reported net sales/income from operations (net of excise duty) of INR 69.653 million compared to INR 80.577 million a year ago. Profit from operations before other income, finance costs, exceptional items and prior period items was INR 7.102 million compared to INR 6.709 million a year ago. Profit from ordinary activities before tax was INR 6.890 million compared to INR 6.412 million a year ago. Net profit for the period was INR 4.476 million compared to INR 4.194 million a year ago. Earnings per basic and diluted share were INR 1.61 compared to INR 3.78 a year ago.
For the full year, the company reported net sales/income from operations (net of excise duty) of INR 131.227 million compared to INR 80.577 million a year ago. Profit from operations before other income, finance costs, exceptional items and prior period items was INR 14.939 million compared to INR 6.709 million a year ago. Profit from ordinary activities before tax was INR 14.622 million compared to INR 6.379 million a year ago. Net profit for the period was INR 10.633 million compared to INR 4.194 million a year ago. Earnings per basic and diluted share were INR 3.83 compared to INR 3.78 a year ago.