KDDL Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2016
August 12, 2016 at 10:13 am EDT
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KDDL Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis, the company reported total income from operations of INR 1,079.6 million against INR 1,002.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 33.3 million against INR 49.8 million a year ago. Profit from ordinary activities before tax was INR 1.6 million against INR 17.8 million a year ago. Net loss after taxation, minority interest and share of loss of associates was INR 4.7 million or INR 0.47 basic and diluted per share before and after extraordinary items against net profit after taxation, minority interest and share of profit of associates of INR 13.3 million or INR 1.47 basic and diluted per share before and after extraordinary items a year ago.
For the quarter, on standalone basis, the company reported total income from operations of INR 341.3 million against INR 302.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 46.2 million against INR 36.1 million a year ago. Profit from ordinary activities before tax was INR 37.9 million against INR 21.1 million a year ago. Net profit for the period was INR 24.7 million or INR 2.45 basic and diluted per share before and after extraordinary items against INR 13.9 million or INR 1.53 basic and diluted per share before and after extraordinary items a year ago. Net Sales were INR 328.5 million against INR 292.5 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).