Eveready Industries India Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 03:18 am EST
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Eveready Industries India Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the third quarter, the company reported total income from operations of INR 3,447.002 million compared to INR 3,423.728 million a year ago. Profit from operations before other income, finance costs was INR 314.721 million compared to INR 340.209 million a year ago. Profit from ordinary activities before tax of INR 285.536 million compared to INR 282.748 million a year ago. Net profit of INR 351.916 million or INR 4.84 per basic and diluted share compared to INR 212.798 million or INR 2.93 per basic and diluted share a year ago.
For the nine months, the company reported total income from operations of INR 11,011.449 million compared to INR 10,962.402 million a year ago. Profit from operations before other income, finance costs was INR 1,046.665 million compared to INR 972.166 million a year ago. Profit from ordinary activities before tax of INR 937.748 million compared to INR 787.119 million a year ago. Net profit of INR 831.721 million or INR 11.44 per basic and diluted share compared to INR 597.570 million or INR 8.22 per basic and diluted share a year ago.
Eveready Industries India Ltd. is engaged in the business of marketing of dry cell batteries, rechargeable batteries, flashlights, and lighting products. The Company's product portfolio includes dry cell and rechargeable batteries under the brand names Eveready, Eveready Ultima and PowerCell. It offers flashlights and lanterns under the brand names Eveready and PowerCell; light-emitting diode (LED) bulbs and luminaires under the brand names Eveready and PowerCell, and dry cell and rechargeable batteries under the brand names Eveready, PowerCell, Shakti and Uniross. The Companyâs products include zinc carbon batteries, alkaline batteries, trendy plastic torches, evergreen brass and aluminum torches, rechargeable torches, portable lanterns, LED bulbs, emergency LED, smart ambient lighting, LED panels, LED downlights, LED spotlights, LED battens, LED flood lights, LED streetlights, indoor commercial lighting, industrial lighting, and outdoor lighting.