KDDL Limited Announces Consolidated and Standalone Earnings Results for the First Half Ended September 30, 2018
November 03, 2018 at 08:51 am EDT
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KDDL Limited announced unaudited consolidated and standalone earnings results for the second quarter and first half ended September 30, 2018. For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,565.0 million against INR 1,007.3 million a year ago. Profit before tax was INR 8.07 million compared with INR 14.6 million a year ago. Profit attributable to owner of the company was INR 53.4 million against INR 14.8 million a year ago. Diluted EPS was INR 4.87 against INR 0.84 a year ago. Profit for the period was INR 54.64 million against INR 9.1 million a year ago.
For the six months, on consolidated basis, the company reported revenue from operations of INR 3,026.5 million against INR 2,233.7 million a year ago. Profit before tax was INR 157.7 million compared with INR 21.5 million a year ago. Profit attributable to owner of the company was INR 99.8 million against INR 17.3 million a year ago. Diluted EPS was INR 9.41 against INR 0.83 a year ago. Profit for the period was INR 104.6 million against INR 9.0 million a year ago.
For the second quarter, on standalone basis, the company reported revenue from operations of INR 440.8 million against INR 395.9 million a year ago. Profit before tax was INR 63.2 million compared with INR 52.5 million a year ago. Diluted EPS was INR 3.98 against INR 3.16 a year ago. Profit for the period was INR 44.7 million against INR 34.3 million a year ago.
For the six months, on standalone basis, the company reported revenue from operations of INR 883.4 million against INR 734.2 million a year ago. Profit before tax was INR 118.2 million compared with INR 91.5 million a year ago. Diluted EPS was INR 7.47 against INR 5.48 a year ago. Profit for the period was INR 83.1 million against INR 59.4 million a year ago.
KDDL Limited is an India-based engineering company. The Company is engaged in manufacturing of watch components (watch dials and watch hands), precision engineering components and press tools. The Companyâs segments include Precision and watch components, Watch, accessories and other luxury items and related services, and Others. Its Precision and watch components segment is engaged in manufacturing and distribution of dials, watch hands and precision components. Its Watch, accessories and other luxury items and related services segment is engaged in the trading of watches and accessories. Its Others segment is engaged in manufacturing and distribution of packaging boxes. It also manages the retail chain luxury Swiss watches in the organized sector through its subsidiary, Ethos Limited. Its other subsidiaries include Mahen Distribution Limited, Pylania SA and ESTIMA AG. It has manufacturing facilities at Parwanoo (Himachal Pradesh), Derabassi (Punjab), and Bangalore (Karnataka).