Sarla Performance Fibers Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 17, 2014 at 08:13 am
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Sarla Performance Fibers Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported standalone profit from operations before other income, finance cost and exceptional items of INR 94.971 million compared to INR 88.711 million a year ago. Total income from operations (net) was INR 606.760 million compared to INR 552.064 million a year ago. Net profit for the period was INR 62.665 million compared to INR 61.934 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 9.02 compared to INR 8.91 a year ago. Profit from ordinary activities before tax was INR 92.830 million against INR 74.279 million a year ago.
For the nine months, the company reported standalone profit from operations before other income, finance cost and exceptional items of INR 248.089 million compared to INR 243.812 million a year ago. Total income from operations (net) was INR 1,786.440 million compared to INR 1,691.931 million a year ago. Net profit for the period was INR 192.928 million compared to INR 182.140 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 27.76 compared to INR 26.21 a year ago. Profit from ordinary activities before tax was INR 276.219 million against INR 224.302 million a year ago.
For the quarter, the company reported consolidated profit from operations before other income, finance cost and exceptional items of INR 114.819 million compared to INR 114.772 million a year ago. Total income from operations (net) was INR 630.015 million compared to INR 623.527 million a year ago. Net profit for the period was INR 82.792 million compared to INR 87.942 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 11.91 compared to INR 12.65 a year ago. Profit from ordinary activities before tax was INR 112.957 million against INR 100.287 million a year ago.
For the nine months, the company reported consolidated profit from operations before other income, finance cost and exceptional items of INR 313.970 million compared to INR 304.073 million a year ago. Total income from operations (net) was INR 1,911.557 million compared to INR 2,037.880 million a year ago. Net profit for the period was INR 258.981 million compared to INR 242.089 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 37.26 compared to INR 34.83 a year ago. Profit from ordinary activities before tax was INR 342.272 million against INR 284.251 million 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 Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013