Indag Rubber Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2021
May 08, 2021 at 09:29 am EDT
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Indag Rubber Limited reported audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2021. For the quarter, on standalone basis, the company reported revenue from operations of INR 457.433 million compared to INR 353.910 million a year ago. Total income was INR 459.075 million against INR 367.779 million a year ago. Profit after tax was INR 15.171 million compared to INR 18.448 million a year ago. Basic and diluted earnings per share were INR 0.62 compared to INR 0.70 a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 1,698.443 million compared to INR 1,867.739 million a year ago. Total income was INR 1,738.825 million against INR 1,913.500 million a year ago. Profit after tax was INR 27.606 million compared to INR 132.810 million a year ago. Basic and diluted earnings per share were INR 1.05 compared to INR 5.06 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 457.433 million compared to INR 353.910 million a year ago. Total income was INR 459.075 million against INR 367.779 million a year ago. Profit for the year was INR 16.907 million compared to INR 21.471 million a year ago. Basic and diluted earnings per share continuing operations were INR 0.56 compared to INR 0.68 a year ago. Basic nd diluted earnings per share discontinued operations was INR 0.05 compared to INR 0.07 a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 1,698.443 million compared to INR 1,867.739 million a year ago. Total income was INR 1,738.838 million against INR 1,913.525 million a year ago. Profit for the year was INR 28.152 million compared to INR 137.205 million a year ago. Basic and diluted earnings per share continuing operations were INR 0.85 compared to INR 5.02 a year ago. Basic nd diluted earnings per share discontinued operations was INR 0.12 compared to INR 0.11 a year ago.
Indag Rubber Limited is an India-based tread manufacturing company. The Company is engaged in the manufacturing and selling of Precured Tread Rubber and allied products. It is focused on manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires and providing tire retreading service. The Company manufactures un-vulcanized rubber strip gum, universal spray cement and full skirt tire envelopes for the tire retreading industry. Its Precured Tread Rubber is used for various types of requirements, such as truck bus tires, light commercial vehicles, passenger vehiclesâ tires, agricultural vehicles tires and off-road tires. Its Pre-cured tread rubber is a vulcanized rubber belt and is suitable to perform on various road applications, such as long-haul, short-haul, hilly terrain and mines. The Companyâs plants are located at Solan, Himachal Pradesh and Alwar, Rajasthan.