Arvind Infrastructure Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 03:05 am EST
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Arvind Infrastructure Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter on standalone basis, the company reported net sales/income from operations of INR 137.934 million compared to INR 56.617 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 2.200 million compared to INR 16.926 million a year ago. Profit before finance cost and exceptional items was INR 14.872 million compared to INR 23.550 million a year ago. Loss after finance cost but before tax was INR 15.177 million compared to INR 5.229 million a year ago. Net loss was INR 10.329 million or INR 0.37 per diluted share compared to INR 5.655 million or INR 0.22 per basic and diluted share a year ago.
For nine months on standalone basis, the company reported net sales/income from operations of INR 589.094 million compared to INR 191.546 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 119.254 million compared to INR 37.772 million a year ago. Profit before finance cost and exceptional items was INR 155.482 million compared to INR 60.031 million a year ago. Profit after finance cost but before tax was INR 67.75 million compared to loss of INR 2.152 million a year ago. Net profit was INR 43.259 million or INR 1.68 per diluted share compared to loss of INR 5.549 million or INR 0.21 per basic and diluted share a year ago.
For the quarter on consolidated basis, the company reported net sales/income from operations of INR 137.934 million compared to INR 56.391 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 8.217 million compared to INR 23.911 million a year ago. Profit before finance cost and exceptional items was INR 9.268 million compared to INR 23.911 million a year ago. Loss after finance cost but before tax was INR 20.781 million compared to INR 4.885 million a year ago. Net loss was INR 13.892 million or INR 0.50 per diluted share compared to loss of INR 0.698 million or INR 0.22 per basic and diluted share a year ago.
For nine months on consolidated basis, the company reported net sales/income from operations of INR 589.094 million compared to INR 237.226 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 145.615 million compared to INR 56.679 million a year ago. Profit before finance cost and exceptional items was INR 147.331 million compared to INR 61.707 million a year ago. Profit after finance cost but before tax was INR 59.574 million compared to loss of INR 0.493 million a year ago. Net profit was INR 38.901 million or INR 1.40 per diluted share compared to loss of INR 6.492 million or INR 0.25 per basic and diluted share a year ago.
Arvind SmartSpaces Limited is an India-based company, which is engaged in the development of real estate comprising of residential, commercial, and industrial projects. The Company is primarily in the residential segment of the Ahmedabad, Pune, and Bengaluru region. The Company's projects in Ahmedabad include Alcove, Citadel, Parishkaar, Megatrade, Megaestate, Megapark, and Aavishkaar. The Company's projects in Bengaluru include Skylands, Sporcia, Expansia, and Oasis. Its project in Pune is Elan. The Company's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Homes Private Limited, Arvind SmartHomes Private Limited, Ahmedabad East Infrastructure LLP, ASL Facilities Management LLP, Uplands Facilities Management LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, Ahmedabad Industrial Infrastructure (One) LLP, Arvind Five Homes LLP, Chirping Woods Homes LLP, Arvind Smart City LLP, and others.
Arvind Infrastructure Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016