Subros Recommends Dividend for the Financial Year 2016-17; Reports Unaudited Standalone Earnings Results for Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017
May 23, 2017 at 05:54 am EDT
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Subros Ltd. announced that the board of directors of the company at its meeting held on May 23, 2017, has recommended a dividend of INR 0.50 per share on paid up equity capital of the company for the financial year 2016-17. It has also been decided that a register of members shall remain closed from September 9, 2017 to September 18, 2017 (both day inclusive) for the purpose of dividend and the annual general meeting of the company, which shall be held on September 18, 2017.
The company reported unaudited standalone earnings results for fourth quarter and audited standalone and consolidated earnings results for the full year ended March 31, 2017. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 4,147.1 million compared to INR 3,600.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 237.1 million compared to INR 178.6 million a year ago. Profit from ordinary activities before tax was INR 60.3 million compared to INR 86.8 million a year ago. Net profit was INR 72.3 million or INR 1.21 per basic and diluted share compared to INR 78.5 million or INR 1.31 per basic and diluted share a year ago. Net revenue was INR 4,149.6 million compared to INR 3,610.0 million a year ago. EBITDA was INR 458.1 million compared to INR 414.0 million a year ago.
For the full year, on standalone basis, the company reported total income from operations (net) of INR 15,494.6 million compared to INR 13,069.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 791.4 million compared to INR 657.4 million a year ago. Profit from ordinary activities before tax was INR 91.9 million compared to INR 264.5 million a year ago. Net profit was INR 140.4 million or INR 2.34 per basic and diluted share compared to INR 240.1 million or INR 4.00 per basic and diluted share a year ago. Net revenue was INR 15,527.6 million compared to INR 13,093.3 million a year ago. EBITDA was INR 1,703.5 million compared to INR 1,545.3 million a year ago.
For the full year, on consolidated basis, the company reported total income from operations (net) of INR 15,535.2 million compared to INR 13,107.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 790.2 million compared to INR 656.0 million a year ago. Profit from ordinary activities before tax was INR 91.0 million compared to INR 263.9 million a year ago. Net profit was INR 139.5 million or INR 2.33 per basic and diluted share compared to INR 239.5 million or INR 3.99 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.
Subros Recommends Dividend for the Financial Year 2016-17; Reports Unaudited Standalone Earnings Results for Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017