Kirloskar Ferrous Industries Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 08:19 am EST
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Kirloskar Ferrous Industries Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 213.3 million, profit before tax of INR 183.0 million and net profit of INR 118.0 million or INR 0.86 per basic and diluted share after extraordinary items on total income from operations of INR 3,264.5 million against profit from operations before other income, finance costs and exceptional items of INR 156.5 million, profit before tax of INR 121.0 million and net profit of INR 82.6 million or INR 0.60 per basic and diluted share after extraordinary items on total income from operations of INR 2,625.5 million reported a year ago.
For the nine months period, the company reported profit from operations before other income, finance costs and exceptional items of INR 538.0 million, profit before tax of INR 460.0 million and net profit of INR 298.5 million or INR 2.17 per basic and diluted share after extraordinary items on total income from operations of INR 8,859.8 million against profit from operations before other income, finance costs and exceptional items of INR 628.3 million, profit before tax of INR 529.0 million and net profit of INR 353.4 million or INR 2.57 per basic and diluted share after extraordinary items on total income from operations of INR 8,919.5 million reported a year ago.
Kirloskar Ferrous Industries Limited is an India-based castings and pig iron manufacturer. The Company caters to various industry sectors, such as tractors, automobiles and diesel engines. The Company's segments include Casting Segment, Tube Segment and Steel Segment. Its products include pig iron and iron castings. It manufactures customized pig iron that meets the specifications of its clients regarding weight, size, and chemical composition. The Company specializes in producing custom grey iron castings for original equipment manufacturers and tier-I suppliers. It works with its customers to meet their specific design and specification requirements. Its iron castings products include cylinder blocks, cylinder head and housing. It also produces various grades of pig iron such as SG iron grade, basic steel grade and foundry grade. It also manufactures specialized seamless tubes in India, producing tubes in a wide range of sizes. It has three-dimensional (3D) printing facilities.