Subros Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2016 and Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2016 and Audited Consolidated Earnings Results for the Year Ended March 31, 2016
May 26, 2016 at 07:57 am EDT
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Subros reported unaudited standalone earnings results for the fourth quarter ended March 31, 2016 and audited standalone earnings results for the fourth quarter ended March 31, 2016 and audited consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company's net sales were INR 3,588.9 million compared with INR 3,066.0 million a year ago. Total income was INR 3,600.0 million against INR 3,066.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 178.6 million against INR 190.2 million a year ago. Operating EBIDTA was INR 413.9 million compared with INR 385.0 million a year ago. PBT was INR 86.8 million compared with INR 82.0 million a year ago. PAT was INR 78.5 million or INR 1.31 per basic and diluted share compared with INR 74.4 million or INR 1.24 per basic and diluted share a year ago.
For the year, on standalone basis, the company's net sales were INR 13,029.3 million compared with INR 11,926.0 million a year ago. Total income was INR 13,069.0 million against INR 11,971.5 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 657.4 million against INR 580.8 million a year ago. PBT was INR 264.5 million compared with INR 204.0 million a year ago. PAT was INR 240.1 million or INR 4.00 per basic and diluted share compared with INR 203.2 million or INR 3.39 per basic and diluted share a year ago.
For the year, on consolidated basis, the company's net sales were INR 13,029.2 million compared with INR 11,936.1 million a year ago. Total income was INR 13,107.2 million against INR 12,019.8 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 656.0 million against INR 577.7 million a year ago. Operating EBIDTA was INR 1,545.3 million compared with INR 1,378.0 million a year ago. PBT was INR 263.9 million compared with INR 200.9 million a year ago. PAT was INR 239.5 million or INR 3.99 per basic and diluted share compared with INR 200.1 million or INR 3.34 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 Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2016 and Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2016 and Audited Consolidated Earnings Results for the Year Ended March 31, 2016