Stove Kraft Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 06:19 am
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Stove Kraft Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,615.93 million compared to INR 3,245.26 million a year ago. Revenue was INR 3,601.83 million compared to INR 3,215.92 million a year ago. Net income was INR 67.55 million compared to INR 77.93 million a year ago. Basic earnings per share from continuing operations was INR 2.04 compared to INR 2.37 a year ago. Diluted earnings per share from continuing operations was INR 2.04 compared to INR 2.35 a year ago.
For the nine months, sales was INR 10,391.05 million compared to INR 10,057.92 million a year ago. Revenue was INR 10,396.38 million compared to INR 10,005.59 million a year ago. Net income was INR 314.78 million compared to INR 417.72 million a year ago. Basic earnings per share from continuing operations was INR 9.53 compared to INR 12.71 a year ago. Diluted earnings per share from continuing operations was INR 9.53 compared to INR 12.6 a year ago.
Stove Kraft Limited is an India-based manufacturer and retailer of a range of kitchen solutions, as well as home and lighting solutions brand. The Company is engaged primarily in the business of manufacturing of pressure cookers, liquefied petroleum gas (LPG) stoves, non-stick cookware and trading of other kitchen and electrical appliances under the brand names Pigeon, Pigeon LED and Gilma. The Company also has a licensing agreement with Stanley Black & Decker on certain categories of appliances. Its cookware products include pressure cookers, wonder cast cookware, non-stick cookware, electric rice cookers and titanium hard anodized cookware. Its small appliance products include mixer grinders, rice cookers, toasters, knives, steam irons, juicers, air fryers and electric grills. Its cooktops and other kitchen solutions include hobs, glass cooktops, stainless steel cooktops, induction cooktops and chimneys. Its other products include emergency lamps, water bottles, flasks and mops.