Oriental Veneer Products Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017, and Audited Consolidated Earnings Results for the Year Ended March 31, 2017
May 26, 2017 at 02:10 pm EDT
Share
Oriental Veneer Products Limited announced audited standalone earnings results for the fourth quarter and year ended March 31, 2017, and audited consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 234.661 million against INR 201.903 million a year ago. Total income from operations (net) was INR 234.661 million against INR 201.903 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 20.400 million against INR 6.812 million a year ago. Profit from ordinary activities before tax was INR 17.284 million against INR 9.644 million a year ago. Profit from ordinary activities before tax was INR 8.277 million against INR 5.581 million a year ago. Basic and diluted earnings per share (before and after extra ordinary items) were INR 1.54 against INR 1.04 a year ago.
For the year, on standalone basis, the company reported net sales/income from operations of INR 873.894 million against INR 810.811 million a year ago. Total income from operations (net) was INR 873.894 million against INR 810.811 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 118.727 million against INR 53.604 million a year ago. Profit from ordinary activities before tax was INR 120.252 million against INR 63.974 million a year ago. Profit from ordinary activities before tax was INR 77.171 million against INR 41.374 million a year ago. Basic and diluted earnings per share (before and after extra ordinary items) were INR 14.32 against INR 7.68 a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations of INR 974.542 million against INR 810.811 million a year ago. Total income from operations (net) was INR 974.542 million against INR 810.811 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 130.572 million against INR 58.404 million a year ago. Profit from ordinary activities before tax was INR 116.845 million against INR 64.616 million a year ago. Profit from ordinary activities before tax was INR 77.237 million against INR 32.714 million a year ago. Basic and diluted earnings per share (before and after extra ordinary items) were INR 14.33 against INR 6.07 a year ago.
Oriental Rail Infrastructure Limited is an India-based company that is engaged in the manufacturing, buying, and selling of all type Recron, Seat & Berth, Lavatory Door, and Compreg Boards. The Company is also engaged in trading of timber woods, ferrous and nonferrous metals, casting tools, slabs, rods, and other ferrous and nonferrous products. The Company caters to both domestic and international markets. The Companyâs product is used across all types of railway coaches, new and existing, from premium trains like Rajdhani Express & Duronto Express to regular and local passenger trains. It also provides artificial leather for consumer products under the brand name ORVIN. The end use application for artificial leather includes hoes, automotive seating, commercial and residential upholstery, stationery, luggage, and bags. The Companyâs products are used in various applications, including railways, automotive, consumer and industrial engineering industry.
Oriental Veneer Products Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017, and Audited Consolidated Earnings Results for the Year Ended March 31, 2017