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February 14, 2016 1:30 AM ET

Machinery

Company Overview of Elgi Rubber Company Limited

Company Overview

Elgi Rubber Company Limited manufactures and sells a range of raw material, equipment, tools, and accessories used in the rubber industry in India. The company offers tire retread and repair systems under the Jet brand name; rasp blades, hubs, and spacers under the Pincott brand name; brazed carbide tools under the Carbrasive brand name; gums, adhesives, and sealants under the Midwest Rubber brand name; and reclaimed rubber under the Ecorr brand name. It also provides retread process equipment, such as mono rail system for the tire retread process, envelop expander, tire cleaner unit, cement booth, tire repair and skiving stations, and exhaust and extraction systems under the Armonas brand n...

2000 Trichy Road

Coimbatore,  641005

India

Founded in 2006

Phone:

91 42 2232 1000

Fax:

91 42 2232 2222

Key Executives for Elgi Rubber Company Limited

Chairman, Managing Director and Chairman of CSR Committee
Age: 57
Total Annual Compensation: $4.0M
Chief Financial Officer and Vice President of Finance
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2015.

Elgi Rubber Company Limited Key Developments

Elgi Rubber Company Limited Reports Unaudited Standalone and Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2015

Elgi Rubber Company Limited reported unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2015. For the quarter on standalone basis, the company reported net sales/income from operations of INR 515.303 million against INR 323.378 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 55.010 million against INR 0.091 million for the same period a year ago. Profit from ordinary activities before tax was INR 67.393 million against INR 9.811 million for the same period a year ago. Net profit for the period was INR 61.858 million against INR 9.669 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.24 against INR 0.19 for the same period a year ago. For the quarter on consolidated basis, the company reported net sales/income from operations of INR 803.150 million against INR 960.322 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 17.2 million against loss from operations before other income, finance costs and exceptional items INR 109.3 million for the same period a year ago. Profit from ordinary activities before tax was INR 3.848 million against loss from ordinary activities before tax INR 132.381 million for the same period a year ago. Net profit for the period was INR 9.951 million against net loss for the period INR 122.849 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.20 against basic and diluted loss per share before and after extraordinary items of INR 2.45 for the same period a year ago. For the nine months on standalone basis, the company reported net sales/income from operations of INR 1,486.908 million against INR 1,013.299 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 114.075 million against INR 41.547 million for the same period a year ago. Profit from ordinary activities before tax was INR 125.429 million against INR 70.643 million for the same period a year ago. Net profit for the period was INR 103.306 million against INR 49.116 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 2.06 against INR 0.98 for the same period a year ago. For the nine months on consolidated basis, the company reported net sales/income from operations of INR 2,723.068 million against INR 3,219.827 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 21.291 million against INR 88.638 million for the same period a year ago. Loss from ordinary activities before tax was INR 88.269 million against INR 141.657 million for the same period a year ago. Net loss for the period was INR 95.964 million against INR 163.628 million for the same period a year ago. Basic and diluted loss per share before and after extraordinary items were INR 1.92 against INR 3.27 for the same period a year ago.

Elgi Rubber Company Limited to Report Q3, 2016 Results on Feb 04, 2016

Elgi Rubber Company Limited announced that they will report Q3, 2016 results on Feb 04, 2016

Elgi Rubber Company Limited, Board Meeting, Feb 04, 2016

Elgi Rubber Company Limited, Board Meeting, Feb 04, 2016. Agenda: To consider and approve the unaudited financial results for the quarter and nine months ended December, 31, 2015.

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