sat industries ltd (SATI) Snapshot

Sat Industries Limited reported unaudited standalone earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2013. For the quarter, on standalone basis, the company reported income from operations of INR 35.83 million against INR 45.981 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 1.991 million against income of INR 1.335 million a year ago. Loss from ordinary activities before tax was INR 37.641 million against profit of INR 1.14 million a year ago. Net loss was INR 31.549 million against profit of INR 1.118 million a year ago. Basic and diluted loss per share was INR 0.807 against INR 0.028 earnings per share a year ago. For the year, on standalone basis, the company reported income from operations of INR 144.81 million against INR 185.618 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 20.669 million against income of INR 0.411 million a year ago. Loss from ordinary activities before tax was INR 56.256 million against profit of INR 0.216 million a year ago. Net loss was INR 50.16 million against profit of INR 0.164 million a year ago. Basic and diluted loss per share was INR 1.284 against INR 0.004 earnings per share a year ago. For the year, on consolidated basis, the company reported income from operations of INR 209.808 million against INR 290.688 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 129.592 million against INR 624.643 million a year ago. Loss from ordinary activities before tax was INR 165.179 million against INR 624.846 million a year ago. Net loss was INR 159.083 million against INR 624.898 million a year ago. Basic and diluted loss per share was INR 4.070 against INR 15.992 a year ago.

Sat Industries Limited, Board Meeting, May 29, 2013. Agenda: To consider audited financial results for the fourth quarter & year ended 31 March, 2013.

Sat Industries Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 34.943 million against INR 34.597 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.646 million against INR 1.157 million a year ago. Loss from ordinary activities before tax was INR 1.583 million against INR 1.157 million a year ago. Net loss from ordinary activities after tax was INR 1.584 million or INR 0.041 per basic and diluted share after extraordinary items against INR 1.143 million or INR 0.029 per basic and diluted share after extraordinary items a year ago. For the nine months, the company reported net sales/income from operations of INR 108.980 million against INR 139.637 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 18.678 million against INR 0.924 million a year ago. Loss from ordinary activities before tax was INR 18.615 million against INR 0.924 million a year ago. Net loss from ordinary activities after tax was INR 18.611 million or INR 0.476 per basic and diluted share after extraordinary items against INR 0.954 million or INR 0.024 per basic and diluted share after extraordinary items a year ago.