deepak spinners ltd (DSPN) Snapshot

Deepak Spinners Ltd. announced unaudited standalone financial results for the fourth quarter and audited standalone financial results for the full year ended March 31, 2013. For the quarter, the company reported profit from operations before other income, finance cost & exceptional items of INR 63.2 million against INR 16.9 million for the same period of last year. Profit from ordinary activities before tax was INR 70.6 million against INR 21.0 million for the same period a year ago. Net profit for the period was INR 41.1 million or INR 5.71 per basic and diluted share against INR 13.7 million or INR 1.91 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 711.2 million against INR 662.5 million for the same period of last year. For the year, the company reported profit from operations before other income, interest & exceptional items of INR 229.1 million against INR 142.7 million for the same period of last year. Profit from ordinary activities before tax was INR 200.5 million against INR 94.0 million for the same period a year ago. Net profit for the period was INR 129.9 million or INR 18.04 per basic and diluted share against INR 76.1 million or INR 10.57 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 3,054.8 million against INR 2,764.3 million for the same period of last year.

Deepak Spinners Ltd. at its EGM held on March 30, 2013, approved the alteration of Article of Association of the company.

Deepak Spinners Ltd., Board Meeting, May 17, 2013., at 12:15 Indian Standard Time. Agenda: To consider and take on record audited financial results for the year ended March 31, 2013.