Tayo Rolls Ltd Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 22, 2014 at 08:10 am
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Tayo Rolls Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 311.0 million against INR 381.5 million a year ago. Total income from operations (net) was INR 326.3 million against INR 401.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 105.2 million against INR 93.1 million a year ago. Loss from ordinary activities before tax was INR 148.1 million against INR 139.5 million a year ago. Net loss for the period after tax was INR 148.1 million or INR 14.43 per basic and diluted per share before and after extraordinary items against INR 139.5 million or INR 13.60 per basic and diluted per share before and after extraordinary items a year ago.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 1,070.3 million against INR 1,216.4 million a year ago. Total income from operations (net) was INR 1,121.0 million against INR 1,293.4 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 218.0 million against INR 174.2 million a year ago. Loss from ordinary activities before tax was INR 359.9 million against INR 301.3 million a year ago. Net loss for the period after tax was INR 359.9 million or INR 35.07 per basic and diluted per share before and after extraordinary items against INR 301.3 million or INR 29.36 per basic and diluted per share before and after extraordinary items a year ago.
Tayo Rolls Limited is an India-based company, which is engaged in the production of cast iron and cast steel rolls for metallurgical industries. The Companyâs products include cast rolls, forged rolls, pig iron, engineering forgings and ingots. Its rolls are designed to roll slabs, blooms, billets into angles, channels, rods, tubes, strips, plates, sheets and various other flat and section products. It also offers Super Nickel Grain (SNG), High Speed Steel (HSS) and Semi High-Speed Steel (Semi-HSS). It has an integrated facility with melting, foundry and machining capabilities. Its forged rolls have melting capacities, ingot shop, forged shop and finishing facilities. It has set up a mini blast furnace of approximately 40,000 tons per annum for the manufacture of pig iron. Its capacity of ingot shop is over 24000 metric tons per annum. Its forge shop is equipped with oil hydraulic 2500 metric ton /3000 metric ton push down press with integrated manipulator of 25 ton /50-meter ton.
TAYO ROLLS LIMITED 
