Subros Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 28, 2020 at 03:52 am EST
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Subros Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 4,679.400 million compared to INR 5,091.500 million a year ago. Net income was INR 133.500 million compared to INR 170.900 million a year ago. Basic earnings per share was INR 2.04 compared to INR 2.78 a year ago. For the nine months, total revenue was INR 15,460.700 million compared to INR 16,147.700 million a year ago. Net income was INR 682.000 million compared to INR 600.800 million a year ago. Basic earnings per share was INR 10.45 compared to INR 9.94 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 
