Subros Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 03:31 am EST
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Subros 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 7,324.8 million compared to INR 6,546 million a year ago. Revenue was INR 7,390.7 million compared to INR 6,630 million a year ago. Net income was INR 268.6 million compared to INR 82.6 million a year ago. Basic earnings per share from continuing operations was INR 4.12 compared to INR 1.26 a year ago. Diluted earnings per share from continuing operations was INR 4.12 compared to INR 1.26 a year ago.
For the nine months, sales was INR 22,390.6 million compared to INR 20,581.7 million a year ago. Revenue was INR 22,498.8 million compared to INR 20,727.7 million a year ago. Net income was INR 671.8 million compared to INR 296.4 million a year ago. Basic earnings per share from continuing operations was INR 10.3 compared to INR 4.54 a year ago. Diluted earnings per share from continuing operations was INR 10.3 compared to INR 4.54 a year ago.
Subros Limited is an India-based manufacturer of thermal products for automotive applications. The Company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete air conditioning (AC) loop and caters to all segments, such as passenger vehicles, buses, trucks, refrigeration transport and railways. Its car AC and engine cooling parts products include blower, evaporator, cooling module, and hoses and tubes. Its railway AC products include roof mounted driver cab AC for diesel automotive, driver cab AC electric automotive and EMU cab AC. The Company's transport refrigeration system products include reefer SL 1400, reefer SL 3500, evaporator unit SL 3500, reefer SL 500 and compressor. It has a range of residential air conditioners, such as window AC and split AC system (inverter and fixed speed range) and supplies these products as original equipment manufacturer (OEM)/original design manufacturer (ODM) to various brands in the market.
SUBROS LIMITED 
