Remi Elektrotechnik Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
Remi Elektrotechnik Ltd. reported audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 294.802 million against INR 368.792 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6.918 million against INR 44,724 million a year ago. Loss from ordinary activities after finance costs before tax was INR 1.542 million against profit of INR 41.222 million a year ago. Net loss from ordinary activities after tax was INR 0.290 million against profit of INR 28.421 million a year ago. Basic and diluted loss per share was INR 0.06 against earnings per share of INR 5.84 a year ago.
For the year, the company reported net sales/income from operations (net of excise duty) of INR 998.066 million against INR 1,145.320 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 95.611 million against INR 153.459 million a year ago. Profit from ordinary activities after finance costs before tax was INR 63.764 million against INR 119.341 million a year ago. Net profit from ordinary activities after tax was INR 42.412 million against INR 79.071 million a year ago. Basic and diluted earnings per share were INR 8.72 against INR 16.25 a year ago.