Porwal Auto Components Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 08, 2018 at 05:55 am
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Porwal Auto Components Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2017. The company reported total income of INR 277.809 million, profit before exceptional and extraordinary items and tax of INR 16.309 million, profit before tax of INR 22.472 million, profit of INR 22.472 million or INR 1.49 per basic and diluted share against total income of INR 174.754 million, profit before exceptional and extraordinary items and tax of INR 6.295 million, profit before tax of INR 6.295 million, profit of INR 6.295 million or INR 0.42 per basic and diluted share a year ago. Profit for the period from continuing operations was INR 22.472 million or INR 1.49 per share basic and diluted against INR 6.295 million or INR 0.42 per share basic and diluted a year ago.
For the nine months, the company reported total income of INR 775.904 million, profit before exceptional and extraordinary items and tax of INR 38.033 million, profit before tax of INR 50.107 million, profit of INR 50.107 million or INR 3.32 per basic and diluted share against total income of INR 675.596 million, profit before exceptional and extraordinary items and tax of INR 34.550 million, profit before tax of INR 34.550 million, profit of INR 34.550 million or INR 2.29 per basic and diluted share a year ago. Profit for the period from continuing operations was INR 50.107 million or INR 3.32 per share basic and diluted against INR 34.550 million or INR 2.29 per share basic and diluted a year ago.
Porwal Auto Components Ltd is an India-based diversified auto-components company. The Company is involved in the manufacturing of a variety of ductile iron, gray cast iron steel, and steel alloy casting components and subassemblies. It caters to various sectors, including automobile, engineering, pumps and valves, agriculture and tractor equipment, construction, equipmentâs, machine tools, and railways. The Companyâs automobile products include axel parts, chasis parts, engine parts, transmission parts and differential parts. Its products for railway and Bharat Heavy Electricals Limited include AXLE BOX HOUSING-STEEL (IS 1030), WATER CASING PUMP-(FG 25), END SHIELD (IS: 1030), SUSPENSION TUBE-STEEL (IS: 1030), CYLINDER BRACKET-(SG 500/7), END FRAME (SG 500/7) and PENDULUM (SG 500/7). It also offers PIPE FITTINGS (SG 450/12), PIPE FITTING (SG 450/12), DISCHARGE HEAD SG (450/12), HOUSING (FC-25), LINK FOLDER (SG-500/7), BACK PLATE LUB, OIL PUMP (FC-25) and HOUSING 500 (FC-25).