December 17, 2014 4:02 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Prashant India Ltd.

Company Overview

Prashant India Ltd. is engaged in the textiles business in India. The company manufactures job work of sized beams and texturised yarn. It is also involved in the generation of wind power. The company was formerly known as Prashant Proteins Ltd and changed its name to Prashant India Ltd. in 1995. Prashant India Ltd. was incorporated in 1983 and is based in Surat, India.

Block No 456

National Highway No 8

Palsana Char Rasta

Palsana,  394315

India

Founded in 1983

Phone:

91 26 2232 5227

Key Executives for Prashant India Ltd.

Chairman
Age: 66
Whole Time Director and Member of Audit Committee
Age: 52
Professional Director
Age: 78
Compensation as of Fiscal Year 2014.

Prashant India Ltd. Key Developments

Prashant India Ltd Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Prashant India Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company’s net sales/income from operations was INR 1.621 million compared to INR 1.021 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 0.749 million compared to loss of INR 3.512 million a year ago. Profit from ordinary activities before tax was INR 0.747 million compared to loss of INR 3.515 million a year ago. Net profit was INR 0.747 million or INR 0.18 per basic and diluted share before and after extraordinary items compared to loss of INR 3.515 million or INR 0.83 per basic and diluted share before and after extraordinary items for the same period a year ago. For the six months, the company’s net sales/income from operations was INR 2.371 million compared to INR 3.246 million a year ago. Loss from operations before other income, finance cost and exceptional items were INR 2.619 million compared to INR 6.381 million a year ago. Loss from ordinary activities before tax was INR 2.624 million compared to INR 6.387 million a year ago. Net loss was INR 2.624 million or INR 0.62 per basic and diluted share before and after extraordinary items compared to INR 6.387 million or INR 1.51 per basic and diluted share before and after extraordinary items for the same period a year ago.

Prashant India Ltd., Board Meeting, Oct 31, 2014

Prashant India Ltd., Board Meeting, Oct 31, 2014. Agenda: To approve quarterly results.

Prashant India Ltd. Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2014

Prashant India Ltd. reported unaudited standalone earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net sales of INR 0.750 million against INR 2.225 million a year ago. Loss from operations before interest and exceptional items was INR 3.368 million against INR 2.869 million a year ago. Loss from ordinary activities before tax was INR 3.371 million against INR 2.872 million a year ago. Net loss for the period was INR 3.371 million against INR 2.872 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.80 against INR 0.68 a year ago.

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