Subros Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2015
October 30, 2015 at 08:37 am EDT
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Subros Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported net sales of INR 3,220.0 million against INR 3,223.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 172.0 million against INR 154.5 million a year ago. Profit from ordinary activities before tax was INR 69.2 million against INR 58.9 million a year ago. Net profit for the period was INR 61.4 million against INR 57.3 million a year ago. Basic and diluted earnings per share (not annualized) were INR 1.02 against INR 0.96 a year ago.
For the half year, the company reported net sales of INR 6,157.1 million against INR 6,090.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 306.5 million against INR 249.1 million a year ago. Profit from ordinary activities before tax was INR 110.4 million against INR 89.1 million a year ago. Net profit for the period was INR 101.5 million against INR 90.2 million a year ago. Basic and diluted earnings per share (not annualized) were INR 1.69 against INR 1.51 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.