Ballarpur Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 07, 2017 at 10:33 am EST
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Ballarpur Industries Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company announced net sales or income from operations of INR 3,475.6 million compared to INR 10,660.6 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 1,372.5 million compared to profit of INR 1,161.2 million a year ago. Loss from ordinary activities before tax was INR 3,305.4 million compared to INR 6.4 million a year ago. Net loss was INR 1,044.6 million or INR 5 per basic and diluted share before and after extraordinary items compared to INR 824.6 million or INR 0.90 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company announced net sales or income from operations, net of excise duty of INR 17,441.7 million compared to INR 31,976.5 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 2,853.6 million compared to profit of INR 3,597.4 million a year ago. Loss from ordinary activities before tax was INR 10,631.8 million compared to profit of INR 345.3 million a year ago. Net loss was INR 11,944.5 million or INR 13.79 per basic and diluted share before and after extraordinary items compared to INR 1,117.3 million or INR 1.19 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on standalone basis, the company announced net sales or income from operations, net of excise duty of INR 77.6 million compared to INR 1,420.6 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 403.2 million compared to profit of INR 227.6 million a year ago. Profit from ordinary activities before tax was INR 494.9 million compared to loss from ordinary activities before tax of INR 72.5 million a year ago. Net profit was INR 494.9 million or INR 0.75 per basic and diluted share before and after extraordinary items compared to net profit of INR 50.7 million or INR 0.08 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on standalone basis, net sales or income from operations of INR 1,408.1 million compared to INR 4,167 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 1,337.1 million compared to profit of INR 376.9 million a year ago. Profit from ordinary activities before tax was INR 4067.4 million compared to profit from ordinary activities before tax of INR 179.6 million a year ago. Net profit was INR 3,813.2 million or INR 5.82 per basic and diluted share before and after extraordinary items compared to net profit of INR 197.1 million or INR 0.30 per basic and diluted share before and after extraordinary items a year ago.
Ballarpur Industries Limited is an India-based company, which is engaged in the business of f manufacturing and selling of writing and printing paper (Coated and Uncoated) and Pulp. The Companyâs segments include Uncoated Paper, Coated Paper, and Others. The Company operates two through two separate groups of subsidiaries and joint venture: one under the flagship entity BILT, and the other under its step-down subsidiary BILT Pape. Under the standalone entity, BILT, the direct assets include specialty paper business, operating from the Shree Gopal facility in Haryana; rayon grade pulp business operating from Kamalapuram in Telangana, and tissue paper business operating through its joint venture, Premier Tissues (India) Limited. Its other businesses comes under Bilt Paper B.V., which focuses on the woodfree printing and writing paper, coated and uncoated. The Company has six manufacturing operations across six production units, five of which are in India and one in Malaysia.
Ballarpur Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016