JTEKT India Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Consolidated Earnings Results for the Full Year Ended March 31, 2018
May 18, 2018 at 05:03 am EDT
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JTEKT India Limited reported audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2018. For the quarter, on a standalone basis, the company reported revenue from operations of INR 3,234.796 million compared to INR 3,717.277 million a year ago. Profit from operations before share of profit of associate was INR 213.769 million compared to INR 118.971 million a year ago. Profit before tax was INR 213.769 million compared to INR 118.971 million a year ago. Net profit attributable to owners of the company was INR 139.986 million compared to INR 91.519 million a year ago. Basic and diluted earnings per share was INR 0.70 compared to INR 0.46 a year ago.
For the full year, on a standalone basis, the company reported revenue from operations of INR 12,509.120 million compared to INR 13,234.697 million a year ago. Profit from operations before share of profit of associate was INR 494.553 million compared to INR 355.885 million a year ago. Profit before tax was INR 494.553 million compared to INR 355.885 million a year ago. Net profit attributable to owners of the company was INR 324.427 million compared to INR 250.909 million a year ago. Basic and diluted earnings per share were INR 1.63 compared to INR 1.26 a year ago.
For the full year, on a consolidated basis, the company reported revenue from operations of INR 12,959.248 million compared to INR 13,814.418 million a year ago. Profit from operations before share of profit of associate was INR 632.174 million compared to INR 478.627 million a year ago. Profit before tax was INR 762.327 million compared to INR 559.134 million a year ago. Net profit attributable to owners of the company was INR 483.051 million compared to INR 369.744 million a year ago. Basic and diluted earnings per share were INR 2.66 compared to INR 2.04 a year ago.
JTEKT India Limited is an India-based company that is engaged in the business of manufacturing and assembling of automotive components. The Company manufactures automotive components such as rack and pinion steering systems, hydraulic power steering systems, column-type electric power steering systems and driveline products. The Company's other two product lines include machine tools and bearings. The Company is a tier 1 supplier to OEM customers on a business-to-business basis. The Company is supplying automotive products to OEM's, such as Maruti Suzuki, TATA Motors, Honda, Toyota Kirloskar, Renault Nissan, Mahindra & Mahindra, E-Z-Go Textron, Trenton Pressing LLC, Jtekt Column Systems, and France for commercial vehicles and passenger vehicles.
JTEKT India Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Consolidated Earnings Results for the Full Year Ended March 31, 2018