Acrysil Ltd. Announces Audited Consolidated and Standalone Financial Results for the Fourth Quarter and Full Year Ended Mar. 31, 2017; Provides Sales and Production Guidance for the Full Year 2017
May 27, 2017 at 01:52 am EDT
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Acrysil Ltd. announced audited consolidated and standalone financial results for the fourth quarter and full year ended Mar. 31, 2017. For the quarter, the parent company reported profit from operations before other income, finance costs & exceptional items of INR 23.184 million against INR 29.541 million for the same period of last year. Profit from ordinary activities before tax was INR 14.687 million against INR 22.165 million for the same period of last year. Net profit for the period was INR 7.872 million or INR 1.52 per basic and diluted share against INR 12.909 million or INR 2.43 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 305.767 million against INR 357.241 million for the same period of last year.
For the year, the parent company reported profit from operations before other income, finance costs & exceptional items of INR 154.893 million against INR 136.755 million for the same period of last year. Profit from ordinary activities before tax was INR 132.042 million against INR 110.674 million for the same period of last year. Net profit for the period was INR 83.211 million or INR 16.04 per basic and diluted share against INR 70.506 million or INR 14.18 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 1,414.745 million against INR 1,350.217 million for the same period of last year. EBITDA was INR 229.547 million against INR 205.105 million a year ago.
For the quarter, the group reported profit from operations before other income, finance costs & exceptional items of INR 38.261 million against INR 53.940 million for the quarter a year ago. Profit from ordinary activities before tax was INR 22.334 million against INR 31.255 million for the quarter a year ago. Net profit for the period was INR 21.274 million or INR 3.84 per basic and diluted share against INR 18.100 million or INR 3.09 per basic and diluted share for the quarter a year ago. Net sales/income from operations (net of excise duty) were INR 405.042 million against INR 447.527 million for the quarter a year ago.
For the year, the group reported profit from operations before other income, finance costs & exceptional items of INR 238.342 million against INR 239.554 million for the same period of last year. Profit from ordinary activities before tax was INR 158.636 million against INR 177.540 million for the same period of last year. Net profit for the period was INR 100.647 million or INR 18.02 per basic and diluted share against INR 121.455 million or INR 21.94 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 1,832.349 million against INR 1,701.772 million for the same period of last year. EBITDA was INR 317.37 million against INR 311.796 million a year ago.
For the year 2017, the company expects to increase production capacity by 6,0000 units, installing 11 new molds to meet additional demands.
For the year 2017, the company expects domestic sales to grow by 20 to 25% YoY and export sales to grow by 20% YoY.
Carysil Limited (Carysil) is an India-based company. The Company engaged in the manufacturing and trading of quartz kitchen sinks, stainless steel kitchen sinks, faucets, food waste disposer units, bath products, tiles, kitchen appliances and accessories, such as hobs, cooktops, ovens, wine chillers and dishwashers. The Company operates under the brand name CARYSIL. The Company provides a range of bathrooms and kitchens products. Its brands include Sternhagen and Carysil. Sternhagen offers Quartz models for basins for bathrooms. Carysil offers Quartz Antibacterial Sinks and Stainless-Steel integrated worktops. It also offers chimney with motion sensor, oil collector and auto-cleaning. It serves the customers in approximately 58 countries, including United States, United Kingdom, Germany, France, Canada, China, the Far East and Gulf Countries.
Acrysil Ltd. Announces Audited Consolidated and Standalone Financial Results for the Fourth Quarter and Full Year Ended Mar. 31, 2017; Provides Sales and Production Guidance for the Full Year 2017