kandagiri spinning mills ltd (KDSN) Snapshot

Kandagiri Spinning Mills Ltd. reported unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 453.431 million compared to INR 339.059 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 30.445 million compared to INR 26.692 million a year ago. Profit from ordinary activities before tax was INR 3.750 million compared to loss from ordinary activities before tax of INR 6.327 million a year ago. Net profit was INR 2.750 million or INR 0.71 per basic and diluted share compared to net loss of INR 2.327 million or INR 0.60 per basic and diluted share for the same period a year ago. For the year, the company reported net sales/income from operations of INR 1,603.898 million compared to INR 1,263.402 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 204.096 million compared to loss from operations before other income, financial costs & exceptional items of INR 63.692 million a year ago. Profit from ordinary activities before tax was INR 82.827 million compared to loss from ordinary activities before tax of INR 200.788 million a year ago. Net profit was INR 58.527 million or INR 16.20 per basic and diluted share compared to net loss of INR 129.788 million or INR 33.72 per basic and diluted share for the same period a year ago.

Kandagiri Spinning Mills Ltd, Board Meeting, May 27, 2013. Agenda: To consider and approve the audited financial results of the company for the year ended March 31, 2013.

Kandagiri Spinning Mills Ltd announced that they will report fiscal year 2013 results on May 27, 2013