Karuturi Global Limited Reports Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
For the nine months, on consolidated basis, net sales/income from operations were INR 1,864.873 million compared with INR 1,733.888 million for the same period last year. Profit from operations before other income, financial cost & exceptional items was INR 364.301 million compared with INR 135.855 million for the same period last year. Profit from ordinary activities before tax was INR 150.353 million compared with INR 90.145 million for the same period last year. Net profit for the period was INR 147.241 million or INR 0.095 diluted per share compared with INR 140.170 million or INR 0.173 diluted per share for the same period last year.
For the quarter, on standalone basis, net sales/income from operations were INR 34.303 million compared with INR 33.420 million for the same period last year. Profit from operations before other income, financial cost & exceptional items was INR 0.056 million compared with INR 5.287 million for the same period last year. Profit from ordinary activities before tax was INR 76.271 million compared with loss of INR 56.606 million for the same period last year. Net profit for the period was INR 74.808 million or INR 0.048 diluted per share compared with INR 11.193 million or INR 0.014 diluted per share for the same period last year.
For the nine months, on standalone basis, net sales/income from operations were INR 94.177 million compared with INR 89.045 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 8.061 million compared with profit of INR 21.430 million for the same period last year. Loss from ordinary activities before tax was INR 89.108 million compared with INR 7.206 million for the same period last year. Net loss for the period was INR 90.570 million or INR 0.059 diluted per share compared with net profit of INR 44.568 million or INR 0.055 diluted per share for the same period last year.