Euro Ceramics Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018
May 29, 2018 at 02:33 pm EDT
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Euro Ceramics Limited announced audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 40.040 million as compared to INR 42.230 million for the same period last year. Loss before exceptional items and tax was INR 137.913 million as compared to INR 44.608 million for the same period last year. Loss before tax was INR 113.297 million as compared to profit of INR 455.844 million for the same period last year. Loss for the period from continuing operations was INR 166.561 million or INR 4.94 per basic and diluted share compared to profit of INR 455.844 million or INR 13.51 per basic and diluted share a year ago. Loss for the period was INR 166.561 million or INR 4.94 per basic and diluted share as compared to profit of INR 710.495 million or INR 21.06 per basic and diluted share for the same period last year.
For the year, on standalone basis, the company reported revenue from operations of INR 203.003 million as compared to INR 117.696 million for the same period last year. Loss before exceptional items and tax was INR 320.101 million as compared to INR 309.731 million for the same period last year. Loss before tax was INR 236.990 million as compared to profit of INR 190.721 million for the same period last year. Loss for the period from continuing operations was INR 290.254 million or INR 8.60 per basic and diluted share compared to profit of INR 190.721 million or INR 5.65 per basic and diluted share a year ago. Loss for the period was INR 290.254 million or INR 8.60 per basic and diluted share as compared to profit of INR 520.699 million or INR 15.43 per basic and diluted share for the same period last year.
For the year, on consolidated basis, the company reported revenue from operations of INR 203.608 million as compared to INR 118.597 million for the same period last year. Loss before exceptional items and tax was INR 321.320 million as compared to INR 310.765 million for the same period last year. Loss before tax was INR 238.209 million as compared to profit of INR 189.687 million for the same period last year. Loss for the period from continuing operations was INR 238.552 million or INR 7.07 per basic and diluted share compared to profit of INR 189.687 million or INR 5.62 per basic and diluted share a year ago. Loss for the period was INR 238.552 million or INR 7.07 per basic and diluted share as compared to profit of INR 519.665 million or INR 15.40 per basic and diluted share for the same period last year.
Euro Ceramics Limited is an India-based company. The Company provides porcelain tiles, sanitary ware, marbles, and wall tiles. The Company's segments include Tiles Division, Aluminum Division, Sanitaryware Division, and Realty Division. It offers vitrified tiles, composite marble, sanitary ware products, bathroom tiles and concepts, and tile-o-bond. The Companyâs vitrified tiles are designed to last, perfectly flat, stain-free, abrasion resistant, non-porous, intensely vitrified and extremely consistent in terms of color, strength and other properties. It provides a range of wall tiles with matching borders and motifs. Its vitrified tiles are manufactured in a sprawling factory at Bhachau, Kutch. It also has a Lignite-based 10MW captive power Plant for a stable supply of power at its plant. The Company serves sectors, such as Commercial Complexes, Residential, Retail, Information Technology (IT) Parks, and others.
Euro Ceramics Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018