CMC Limited announced unaudited standalone and consolidated earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2013. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 3,358.369 million against INR 2,580.995 million a year ago. Profit from operations before other income and finance costs was INR 484.521 million against INR 386.589 million a year ago. Profit before tax was INR 523.519 million against INR 446.721 million a year ago. Net profit after tax was INR 461.052 million against INR 333.303 million a year ago. Basic and diluted earnings per share were INR 15.22 against INR 11.00 a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 5,228.766 million against INR 4,089.181 million a year ago. Profit from operations before other income and finance costs was INR 749.774 million against INR 536.540 million a year ago. Profit before tax was INR 788.821 million against INR 800.651 million a year ago. Net profit after tax was INR 613.377 million against INR 429.300 million a year ago. Basic and diluted earnings per share were INR 20.24 against INR 14.17 a year ago. For the year, on standalone basis, the company reported net sales of INR 11,231.265 million against INR 9,529.565 million a year ago. Net profit was INR 1,983.789 million against INR 1,433.316 million a year ago. Basic and diluted earnings per share were INR 65.47 against INR 47.30 a year ago. Profit from operations before other income and finance costs was INR 1,971.358 million against INR 1,456.653 million a year ago. Profit before tax was INR 2,377.322 million against INR 1,900.594 million a year ago. For the year, on consolidated basis, the company reported net sales of INR 19,260.941 million against INR 14,669.62 million a year ago. Net profit was INR 2302.301 million against INR 1,518.124 million a year ago. Basic and diluted earnings per share were INR 75.98 against INR 50.10 a year ago. Profit from operations before other income and finance costs was INR 2,936.129 million against INR 2,029.545 million a year ago. Profit before tax was INR 3,065.936 million against INR 2,203.989 million a year ago.

CMC Limited announced that the board of directors of the company at its meeting held on April 15, 2013, has recommended for consideration of the shareholders at the ensuing 37th Annual General Meeting to be held on June 26, 2013 payment of dividend at the rate of INR 17.50 per equity share for the year ended March 31, 2013 to be paid on or after June 28, 2013 but before July 25, 2013.

CMC Limited, Q4 2013 Earnings Call, Apr 16, 2013