Ruchi Infrastructure Limited Announces Audited Standalone Earnings Results for the Fourth Quarter, Full Year and Consolidated Earnings Results for the Full Year Ended March 31, 2017
May 30, 2017 at 10:54 am EDT
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Ruchi Infrastructure Limited announced audited standalone earnings results for the fourth quarter, full year and consolidated earnings results for the full year ended March 31, 2017. For the quarter on standalone basis, the company reported net sales/income from operation (Net of excise duty) of INR 1,489.60 million compared to INR 6,289.70 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 31.30 million compared to INR 9.90 million a year ago. Loss from ordinary activities before tax was INR 56.00 million compared to INR 72.10 million a year ago. Loss for the period was INR 62.20 million or INR 0.35 per basic and diluted share compared to INR 56.50 million or INR 0.32 per basic and diluted share a year ago.
For the year on standalone basis, the company reported net sales/income from operation (Net of excise duty) of INR 2,933.90 million compared to INR 23,222.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 125.30 million compared to INR 284.80 million a year ago. Loss from ordinary activities before tax was INR 80.40 million compared to INR 42.30 million a year ago. Loss for the year was INR 99.60 million or INR 0.68 per basic and diluted share compared to INR 49.90 million or INR 0.44 per basic and diluted share a year ago.
For the year on consolidated basis, the company reported net sales/income from operation (Net of excise duty) of INR 3,135.70 million compared to INR 23,256.10 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 151.90 million compared to INR 314.20 million a year ago. Loss from ordinary activities before tax was INR 142.30 million compared to INR 25.20 million a year ago. Loss for the year was INR 145.60 million or INR 0.91 per basic and diluted share compared to INR 52.50 million or INR 0.49 per basic and diluted share a year ago.
Ruchi Infrastructure Limited is an India-based company. The Company is engaged in the business of infrastructure viz. storage of liquid commodities, agriculture warehousing facilities, wind power generation, trading of various commodities and manufacturing of soap. The Company has three segments. Commodities segment is engaged in trading in various commodities and products. Infrastructure segment is engaged in storage, warehousing, wind energy. Others segment is engaged in the manufacturing of soap. Its liquid storage facilities provide handling bulk storage of liquid commodities, such as edible oils, petroleum products, liquid chemicals, with transfer via pipeline. Its warehousing facilities, including storing agri commodities, such as wheat, maize, soybean, cotton, and chana, as well as warehousing facility for cement, white goods, soap, adhesive and paint industry. Its subsidiaries include Peninsular Tankers Pvt Ltd, Mangalore Liquid Imped Pvt Ltd and Ruchi Renewable Energy Pvt Ltd.
Ruchi Infrastructure Limited Announces Audited Standalone Earnings Results for the Fourth Quarter, Full Year and Consolidated Earnings Results for the Full Year Ended March 31, 2017