Sarla Performance Fibers Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 22, 2016 at 09:00 am
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Sarla Performance Fibers Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 738.427 million against INR 719.283 million a year ago. Total income from operations (net) was INR 738.427 million against INR 719.283 million a year ago. Profit from operations before other income, finance costs, and exceptional items INR 134.461 million against INR 88.047 million a year ago. Profit from ordinary activities before tax was INR 151.742 million against INR 79.104 million a year ago. Net profit from ordinary activities after tax INR 150.358 million against INR 57.450 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.80 against INR 7.15 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 2,353.991 million against INR 2,341.886 million a year ago. Total income from operations (net) was INR 2,353.991 million against INR 2,341.886 million a year ago. Profit from operations before other income, finance costs, and exceptional items INR 432.905 million against INR 239.817 million a year ago. Profit from ordinary activities before tax was INR 467.772 million against INR 302.666 million a year ago. Net profit from ordinary activities after tax INR 467.772 million against INR 302.666 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.58 against INR 30.27 a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 599.749 million against INR 664.018 million a year ago. Total income from operations (net) was INR 599.749 million against INR 664.018 million a year ago. Profit from operations before other income, finance costs, and exceptional items INR 103.217 million against INR 89.835 million a year ago. Profit from ordinary activities before tax was INR 123.169 million against INR 77.004 million a year ago. Net profit from ordinary activities after tax INR 121.785 million against INR 55.350 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.46 against INR 6.89 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 1,879.845 million against INR 2,062.204 million a year ago. Total income from operations (net) was INR 1,879.845 million against INR 2,062.204 million a year ago. Profit from operations before other income, finance costs, and exceptional items INR 331.185 million against INR 261.909 million a year ago. Profit from ordinary activities before tax was INR 415.407 million against INR 295.153 million a year ago. Net profit from ordinary activities after tax INR 330.466 million against INR 213.819 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 3.96 against INR 29.24 a year ago.
Sarla Performance Fibers Limited is an India-based company, which is primarily engaged in manufacturing of various types of polyester and nylon yarns. The Company specializes in the production and global export of polyester and nylon textured, twisted, and dyed yarns, along with covered yarns, high tenacity yarns, and sewing thread. The Company operates through two segments: Yarn and Wind Power. Its products include textured polyester yarn, textured nylon stretch yarn, high bulk textured polyester yarns, textured sewing thread, specialty sewing threads, high tenacity yarns and covered yarns. It has a range of applications, including narrow fabrics, hosiery applications, medical bandages, knitted and denim fabrics, leather goods, soft luggage, automotive seat belts and trims, mops, towels, shoe uppers, automotive airbags, and upholstery. The Company has four plants, two at Silvassa, one at Dadra, Union territory of Dadra and Nagar haveli and one at Vapi, Gujarat.
Sarla Performance Fibers Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015