Piramal Glass Limited manufactures glass containers for the pharmaceuticals, cosmetics and perfumery, specialty, and food and beverage industries. The company offers a range of glass bottles and jars for nail polish, make-up foundations, skin creams, and perfumes; amber bottles, and amber and flint vials for liquid oral formulations and injectibles; and glass bottles for liquor, beverage and wine, and food industries. Piramal Glass Limited was formerly known as Gujarat Glass Limited. The company was incorporated in 1984 and is based in Mumbai, India.
Piramal Glass Ltd Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Year to Date Ended September 30, 2011
Piramal Glass Ltd. announced unaudited consolidated and standalone earnings results for the second quarter and year to date ended September 30, 2011. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 3,229.2 million compared to INR 3,006.6 million a year ago. Profit from operations before other income, interest and exceptional items was INR 531.8 million compared to INR 474.7 million a year ago. Profit before interest and exceptional items was INR 531.8 million compared to INR 474.7 million a year ago. Profit from ordinary activities before tax was INR 368.1 million compared to INR 303.5 million a year ago. Net profit after minority interest was INR 229.5 million compared to INR 206.7 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 2.85 compared to INR 2.57 a year ago. For the year to date, on consolidated basis, the company reported net sales/income from operations of INR 6,401.4 million compared to INR 5,789.8 million a year ago. Profit from operations before other income, interest and exceptional items was INR 1,109.4 million compared to INR 851.9 million a year ago. Profit before interest and exceptional items was INR 1,109.4 million compared to INR 851.9 million a year ago. Profit from ordinary activities before tax was INR 773.9 million compared to INR 510.9 million a year ago. Net profit after minority interest was INR 519.6 million compared to INR 371.8 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 6.46 compared to INR 4.62 a year ago. Operating EBIDTA increased by 17.6 % to INR 1,620 million from INR 1,377 million reported a year ago. ROE was 29.4% while ROCE was 16.2%. Annualised book value per share was INR 43.9 as of September 30, 2011. For the quarter, on standalone basis, the company reported turnover of INR 1,974.6 million compared to INR 1,962.2 million a year ago. Profit before tax was INR 314.7 million compared to INR 247.7 million a year ago. Profit after tax was INR 222.3 million compared to INR 180 million a year ago. For the year to date, on standalone basis, the company reported turnover of INR 3,948 million compared to INR 3,653 million a year ago. Profit before tax was INR 596.2 million compared to INR 369.7 million a year ago. Profit after tax was INR 414.6 million compared to INR 270.9 million a year ago.
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