Ushdev International Consolidated Net Profit Up 77.38% On Yearly Basis
Nutan Gupta / 12 May 2014
Ushdev International, one of India’s largest companies in the metal trading sector with its core businesses in Metals and Power Generation has released its financial results for the quarter and year ended 31 March, 2014. The consolidated net profit of the company came in at Rs 102.6 crore, registering a growth of 77.38%. We give you the financial highlights of the consolidated performance.
The total income from operations for Ushdev International came in at Rs 5233.5 crore for the quarter ended 31 March, 2014 as compared to Rs 3008.8 crore in the corresponding quarter of previous year. The total expenses of the company stood at Rs 5078 crore in the current quarter as against Rs 2928 crore in the same quarter last year. Overall, the net profit of the company came in at Rs 102.6 crore in the current quarter as compared to Rs 57.85 crore in the corresponding quarter last year, registering a growth of 77.38%.
Coming to the segment-wise revenue of the company, out of the total revenue of Rs 5233.5 crore, Rs 5231.1 crore came in from the metal segment, while the rest Rs 2.39 crore came in from the power generation segment.
Looking at the company's performance for the complete year, the total income from operations rose by 45.9% to reach Rs 12961.6 crore in FY14 as compared to Rs 8883.6 crore in FY13. The total expenses of the company stood at Rs 12579.7 crore for the current year as against Rs 8612.4 crore last year. The net profit of the company for the complete year went up by 64.7% to reach Rs 208.1 crore in FY14 against Rs 126.3 crore in FY13.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.