Subros Ltd Reports Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 31, 2017 at 03:59 am EST
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Subros Ltd. reported unaudited standalone earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported total income from operations (net) of INR 3,729.0 million compared to INR 3,287.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 208.6 million compared to INR 172.3 million a year ago. Profit from ordinary activities before tax was INR 20.4 million compared to INR 67.3 million a year ago. Net profit was INR 32.7 million or INR 0.54 per basic and diluted share compared to INR 60.1 million or INR 1.00 per basic and diluted share a year ago.
For the nine months, the company reported total income from operations (net) of INR 11,347.5 million compared to INR 9,469.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 554.3 million compared to INR 478.8 million a year ago. Profit from ordinary activities before tax was INR 31.6 million compared to INR 177.7 million a year ago. Net profit was INR 68.1 million or INR 1.13 per basic and diluted share compared to INR 161.6 million or INR 2.69 per basic and diluted share 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.