Consolidated Revenue up by 13.4%
Increase in Consolidated PAT by 85.3%
Kolkata, February 14, 2014: IFGL Refractories Limited, a leading manufacturer of specialized Refractories today reported its unaudited results for the third quarter and nine months ended 31st December 2013.
Consolidated Numbers at a glance:
| Rs. In Lacs |
Q3 FY14 |
9MFY14 |
9MFY13 |
Growth |
FY13 |
| Total Income |
19,535 |
57,950 |
51,085 |
13.4% |
67,566 |
| Profit before Tax |
2,132 |
6,702 |
3,644 |
83.9% |
4,132 |
| Profit after Tax &Minority Interest |
1,426 |
4,826 |
2,605 |
85.3% |
2,821 |
Standalone Financial Highlights:
| Rs. In Lacs |
Q3 FY14 |
9MFY14 |
9MFY13 |
Growth |
FY13 |
| Total Income |
8,267 |
24,705 |
23,067 |
7.1% |
30,842 |
| Profit before Tax |
1,055 |
2,606 |
1,977 |
31.8% |
2,538 |
| Profit after Tax |
687 |
1,703 |
1,299 |
31.1% |
1,706 |
Earning per Share on annualized consolidated and stand-alone basis for financial year 2013-14 are Rs. 18.35 and Rs. 6.32 respectively, whereas, the same for financial year 2012-13 stood at Rs. 7.91 and Rs. 4.69 respectively.
Consolidated financial results have improved due to better performance of the Company and its operating subsidiaries both in India and abroad. As a part of ongoing cost cutting measure, all the costs, more particularly of raw materials, packing, depreciation, freight, power & fuel were closely monitored.
There has been a reduction in Finance cost on account of better utilization of working capital. Increased exports and hardening of foreign currency against Indian Rupee further helped.
Your Directors are of the view that barring unforeseen circumstances, financial performance of the Company for current last quarter of financial year 2013-14 will continue to be more or less on lines expected.
About IFGL Refractories:
IFGL Refractories is a leading manufacturer of specialized Refractories having manufacturing facilities in China, Germany, India, UK and USA. Krosaki Harima Corporation (a subsidiary of Nippon Steel Corporation, Japan) is the technology provider. Equity Shares are listed both on Bombay Stock Exchange Limited and National Stock Exchange of India Ltd. For more information about IFGL Refractories, please visit www.ifglref.in