- Net sales for Q3FY10 was at Rs. 44.19 crore, grown by 84.75%
- PAT for Q3FY10 was at Rs. 7.47 crore
- Net sales for 9MFY10 grew by 81.80% to Rs. 134.04 crore
- PAT for 9MFY10 was at Rs. 23.72 crore, up by 20.93%
Om Metals Infraprojects Ltd., India’s leading hydro-mechanical engineering company, today announced its unaudited financial results for the quarter ended Q3FY10.
The income from operations for the quarter rose by 84.75 per cent at Rs 44.19 crore as against Rs 23.92 crore during the same period previous year. Net profit stood at Rs 7.47 crore, as compared to Rs 10.45 crore in the corresponding period of last year. The corresponding period of last year had comparatively higher generation on account of other income.
Nine-month ended performance:
Net profit for nine-month ended December 31st, 2009, stood at Rs 23.72 crore as compared to Rs. 19.62 crore in corresponding period of last fiscal year, growth of 20.93%. The 9MFY10 Income from Operations jumped by 81.80 per cent, at Rs. 134.04 crore, as compared to Rs. 73.73 crore in corresponding period of last fiscal year.
EPS for 9MFY10 was at Rs. 2.46 (basic and diluted), as compared to Rs 2.04 (basic and diluted), in 9MFY09.
Dividend:
The Board of Directors has declared an interim dividend of 20% per share (Face value of Re. 1).
Management Comments:
Mr. Vikas Kothari, Director – Business Development, Om Metal Infraprojects Ltd, said “Our results show the speed, at which our orders executed during the quarter. We will continue to maintain similar track in execution of our order book of Rs. 650 crore in the coming quarters.”
“As a part of our continuing strategy we are bidding for larger projects to enhance our portfolio. With the government planning to add 50, 000 MW of power from hydro-electric projects by 2017, we expect a rapid increase in coming months.” he further added.
About Om Metals Infraprojects Ltd.
Om Metals Infraprojects Ltd. (OCI) (BSE Code: 531092) is an ISO 9001 certified company, set up in 1971, has flourished into a front-runner hydro-mechanical engineering company in the country with many achievements to its credit. It has leveraged its capabilities and skills in the development and construction sectors, where, engineering, steel fabrication and turnkey projects form a significant component for hydro-electric power, irrigation and river linking projects coming up in the country and abroad. The company is also engaged in the real estate projects like developing residential, commercial, entertainment, leisure and hotel formats in the country. In 2006, the company entered into the business of development of SEZ and port at pondicherry. Visit www.ommetals.com