Richa Industries Limited Announces Audited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
Richa Industries Limited announced audited earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, the company’s net sales/income from operations was INR 1,431.249 million compared to INR 1,239.418 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 46.013 million compared to INR 75.671 million a year ago. Loss from ordinary activities before tax was INR 28.591 million compared to profit from ordinary activities before tax of INR 11.524 million a year ago. Net loss from ordinary activities after tax was INR 24.386 million compared to net profit from ordinary activities after tax of INR 3.166 million a year ago. Basic and diluted loss per share after extraordinary items was INR 1.11 compared to earnings per share of INR 0.39 a year ago.
For the year, the company’s net sales/income from operations was INR 5,064.104 million compared to INR 4,800.650 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 329.452 million compared to INR 397.995 million a year ago. Profit from ordinary activities before tax was INR 41.564 million compared to INR 130.218 million a year ago. Net profit from ordinary activities after tax was INR 30.769 million compared to INR 99.956 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 1.24 compared to INR 4.52 a year ago.