Gontermann-Peipers (India) Limited Q1 Revenue Zooms at Rs 3693.61 Lacs, up 31%
Financials at a Glance (In Rs lacs)
|Quarter ended June2010||Quarter ended June2009|
|Profit/(Loss) after Tax||(115.17)||55.74|
Kolkata, 29h July, 2010: For the 1st quarter ending June 2010, Gontermann-Peipers (India)Limited (GPI), a leading engineering company manufacturing Cast Rolls and Forged Rolls,recorded net revenue of Rs 3693.61 Lacs, an improvement of 31% YoY. The Company hasreported EBITDA of Rs 11.63 Lacs and PAT of Rs. (115.17) Lacs in the quarter ended June2010, as compared to EBITDA of Rs 314.95 Lacs and PAT of Rs. 55.74 Lacs in thecorresponding quarter of last fiscal. The decrease in EBIDTA is mainly due to the foreignexchange fluctuation loss of Rs 219.01 Lacs as well as increase in raw material, power andfuel costs.
The results were taken on record at the meeting of the Board of Directors GPI Ltd.Commenting on the results, Mr. Lalit Kumar Poddar, Managing Director, Gontermann-Peipers (India) Ltd. said, “Despite the current economic challenges, we have shown animpressive revenue growth. We are gaining new customers worldwide and expanding ourrelationship with existing customers by way of long term arrangements, at the same time weare also focusing on improving our operational competence. Though we see short-termchallenges, which are beyond our control, we feel good about the long-term prospects.”