Nitin Fire Protection Q3 net sales up 97%

India Infoline News Service | Mumbai | February 12, 2015 17:35 IST

The consolidated net sales for the Q3FY15 stood at Rs. 400.16 crore up by 97% as against of Rs.203.03 crore in Q3FY14.

Nitin Fire Protection Industries Ltd (NFPIL) leading fire protection engineering and solutions provider today announced its financial results for the third quarter ended December 31st 2014.

The consolidated net sales for the Q3FY15 stood at Rs. 400.16 crore up by 97% as against of Rs.203.03 crore in Q3FY14. The consolidated EBITDA for the quarter was up by 28% to Rs.37.04 crore as against Rs.29.00 crore in the similar period last year.

The consolidated net sales for the 9MFY15 stood at Rs 912.65 crore up by 36% as against of Rs. 668.90 crore in 9MFY14. The consolidated EBITDA for the 9MFY15 was up by 9% to Rs.94.12 crore as against Rs. 85.98 crore in the similar period last year. The consolidated net profit after tax in 9MFY15 was Rs. 60.29 crore, registering a jump of 9% as compared to Rs. 55.33 crore in 9MFY14. EPS for the nine month period was Rs. 2.06.

Commenting on the results, Mr. Nitin Shah, Chairman of the Board said, “The Company has posted strong numbers this quarter.  We look forward for momentum to continue.

He further added, “Going forward, while we expect increase in our order book from the UAE business, the company is in the process to be established and enter new segments and geographical markets which will benefit our company for the upcoming quarters. Our R&D team is constantly improving the product lines to cater the different demands and upcoming opportunities.

We are also looking at newer markets and sectors like Defence to further grow the product offerings.

***Note: This is a NSE Chart

 

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