Subros Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 09:03 am EDT
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Subros Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 7,481.1 million compared to INR 6,810.9 million a year ago. Revenue was INR 7,538 million. Net income was INR 182.8 million compared to INR 166.5 million a year ago. Basic earnings per share from continuing operations was INR 2.81 compared to INR 2.55 a year ago. Diluted earnings per share from continuing operations was INR 2.81 compared to INR 2.55 a year ago.
For the full year, sales was INR 28,062.8 million compared to INR 22,386.4 million a year ago. Revenue was INR 28,265.7 million compared to INR 22,481.8 million a year ago. Net income was INR 479.2 million compared to INR 325 million a year ago. Basic earnings per share from continuing operations was INR 7.35 compared to INR 4.98 a year ago. Diluted earnings per share from continuing operations was INR 7.35 compared to INR 4.98 a year ago.
Subros Limited is an India-based manufacturer of thermal products for automotive applications. The Company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete air conditioning (AC) loop and caters to all segments, such as passenger vehicles, buses, trucks, refrigeration transport and railways. Its car AC and engine cooling parts products include blower, evaporator, cooling module, and hoses and tubes. Its railway AC products include roof mounted driver cab AC for diesel automotive, driver cab AC electric automotive and EMU cab AC. The Company's transport refrigeration system products include reefer SL 1400, reefer SL 3500, evaporator unit SL 3500, reefer SL 500 and compressor. It has a range of residential air conditioners, such as window AC and split AC system (inverter and fixed speed range) and supplies these products as original equipment manufacturer (OEM)/original design manufacturer (ODM) to various brands in the market.
SUBROS LIMITED 
