Suraj Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 12, 2019 at 01:58 am
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Suraj Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter on standalone basis, the company reported revenue from operations was INR 424.431 million against INR 458.034 million a year ago. Loss before exceptional items and tax was INR 39.1 million against profit of INR 2.215 million a year ago. Profit for the period was INR 4.285 million against INR 1.554 million a year ago. Basic and diluted EPS was INR 0.22 against INR 0.08 a year ago.
For the nine months on standalone basis, the company revenue from operations was INR 1,309.345 million against INR 1,458.360 million a year ago. Profit before exceptional items and tax was INR 10.308 million against INR 9.676 million a year ago. Profit for the period was INR 20.817 million against INR 6.707 million a year ago. Basic and diluted EPS was INR 1.08 against INR 0.31 a year ago.
For the quarter on consolidated basis, the company reported revenue from operations was INR 428.905 million against INR 486.201 million a year ago. Loss before exceptional items and tax was INR 0.486 million against profit of INR 2.923 million a year ago. Profit for the period was INR 4.221 million against INR 4.968 million a year ago. Basic and diluted EPS was INR 0.22 against INR 0.26 a year ago.
For the nine months on consolidated basis, the company revenue from operations was INR 1,330.381 million against INR 2,067.869 million a year ago. Profit before exceptional items and tax was INR 10.098 million against INR 9.443 million a year ago. Profit for the period was INR 20.670 million against INR 3.502 million a year ago. Basic and diluted EPS was INR 1.07 against INR 0.18 a year ago.
Suraj Limited is an India-based manufacturer of Stainless-Steel Pipes, Tubes, and U Tubes, Flanges & Fittings with Electro Polishing. It has two plants in the district of Mehsana, Gujarat. Its products find application in various industry segments, such as pharmaceuticals, dyes and pigments, oil, gas, refineries, and others. It caters to both domestic and international markets. It has a specialization in tubing for heat exchangers, low-pressure/high-pressure heaters, condensers, heating elements and duly annealed, pickled, tubes with 30-meter length tubes. It is a Government of India-recognized export house and is selling its products in India and abroad to approximately 70 countries across the world. Its products include Seamless Heat Exchanger Tubes, Seamless Heat Exchanger U-Tubes, Seamless Instrumentation Tubes, Welded & Seamless Mechanical Polished Tubes, Welded & Seamless Electropolished Tubes, Seamless Pipes, Seamless Buttweld Fittings, Flanges & Stub Ends, and Forged Rings.