Ballarpur Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 13, 2018
Share
Ballarpur Industries Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 6,997.9 million against INR 3,504.2 million a year ago. Total income was INR 7,103.9 million against INR 3,917.7 million a year ago. Loss before exceptional items and tax was INR 3,096.7 million against INR 3,455.4 million a year ago. Loss before tax was INR 3,096.7 million against INR 3,455.4 million a year ago. Loss for the period from continuing operations was INR 3,098.2 million or INR 1.78 per basic and diluted share against INR 3,305.4 million or INR 3.63 per basic and diluted share a year ago. Loss for the period was INR 3,639.5 million against INR 4,350.0 million a year ago. Net loss attributable to owners of the company was INR 2,629.8 million against INR 3,275.0 million a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 17,820.9 million against INR 17,570.0 million a year ago. Total income was INR 18,140.4 million against INR 18,333.0 million a year ago. Loss before exceptional items and tax was INR 9,403.1 million against INR 8,621.8 million a year ago. Loss before tax was INR 9,403.1 million against INR 10,631.8 million a year ago. Loss for the period from continuing operations was INR 9,404.6 million or INR 6.82 per basic and diluted share against INR 9,426.6 million or INR 11.45 per basic and diluted share a year ago. Loss for the period was INR 11,460.8 million against INR 11,944.5 million a year ago. Net loss attributable to owners of the company was INR 8,259.4 million against INR 9,036.8 million a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 823.1 million against INR 78.3 million a year ago. Total income was INR 938.6 million against INR 476.0 million a year ago. Loss before exceptional items and tax was INR 800.4 million against INR 495.0 million a year ago. Loss before tax was INR 800.4 million against INR 495.0 million a year ago. Loss for the period from continuing operations was INR 800.4 million or INR 0.62 per basic and diluted share against INR 495.0 million or INR 0.76 per basic and diluted share a year ago. Loss for the period was INR 800.4 million against INR 495.0 million a year ago. Net loss attributable to owners of the company was INR 800.4 million against INR 495.0 million a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 1,955.5 million against INR 1,413.7 million a year ago. Total income was INR 2,285.6 million against INR 2,047.4 million a year ago. Loss before exceptional items and tax was INR 2,451.9 million against INR 2,057.4 million a year ago. Loss before tax was INR 2,451.9 million against INR 4,067.4 million a year ago. Loss for the period from continuing operations was INR 2,451.9 million or INR 2.39 per basic and diluted share against INR 3,813.2 million or INR 5.82 per basic and diluted share a year ago. Loss for the period was INR 2,451.9 million against INR 3,813.2 million a year ago. Net loss attributable to owners of the company was INR 2,448.3 million against INR 3,812.9 million a year ago.
Ballarpur Industries Limited is an India-based company, which is engaged in the business of f manufacturing and selling of writing and printing paper (Coated and Uncoated) and Pulp. The Companyâs segments include Uncoated Paper, Coated Paper, and Others. The Company operates two through two separate groups of subsidiaries and joint venture: one under the flagship entity BILT, and the other under its step-down subsidiary BILT Pape. Under the standalone entity, BILT, the direct assets include specialty paper business, operating from the Shree Gopal facility in Haryana; rayon grade pulp business operating from Kamalapuram in Telangana, and tissue paper business operating through its joint venture, Premier Tissues (India) Limited. Its other businesses comes under Bilt Paper B.V., which focuses on the woodfree printing and writing paper, coated and uncoated. The Company has six manufacturing operations across six production units, five of which are in India and one in Malaysia.
Ballarpur Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017