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July 30, 2015 5:22 AM ET

Containers and Packaging

Company Overview of Sarthak Industries Ltd.

Company Overview

Sarthak Industries Limited primarily manufactures and sells LPG cylinders for oil and private companies in India. It operates through two segments, Cylinders and Merchant Trading. The Cylinders segment manufactures and repairs LPG cylinders. The Merchant Trading segment is involved in the trade of skimmed milk powder; coal and various other commodities; and land. The company was formerly known as Avanti LPG (India) Limited. Sarthak Industries Limited was incorporated in 1982 and is based in Indore, India.

Alumina Tower

10/1, South Tukoganj

Indore,  452001

India

Founded in 1982

Phone:

91 73 1252 7949

Fax:

91 73 1252 7949

Key Executives for Sarthak Industries Ltd.

Sarthak Industries Ltd. does not have any Key Executives recorded.

Sarthak Industries Ltd. Key Developments

Sarthak Industries Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Sarthak Industries Ltd. reported audited standalone earnings results for the fourth quarter and year ended March 31, 2015. For the quarter the company reported net sales/income from operations of INR 303.122 million compared to INR 351.353 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 34.453 million against loss from operations before other income, finance costs and exceptional items of INR 73.169 million for the same period of last year. Loss from ordinary activities before tax was INR 1.067 million against loss from ordinary activities before tax of INR 74.945 million for the same period of last year. Net loss was INR 2.930 million against net loss of INR 75.757 million for the same period of last year. Basic and diluted loss per share after extraordinary items was INR 0.42 against basic and diluted loss per share after extraordinary items of INR 10.87 a year ago. For the year, the company reported net sales/income from operations of INR 953.367 million compared to INR 1,162.658 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 26.878 million against loss from operations before other income, finance costs and exceptional items of INR 107.368 million for the same period of last year. Profit from ordinary activities before tax was INR 4.157 million against loss from ordinary activities before tax of INR 113.238 million for the same period of last year. Net profit for the period was INR 2.714 million against net loss for the period of INR 127.004 million for the same period of last year. Basic and diluted earnings per share after extraordinary items were INR 0.39 against basic and diluted loss per share after extraordinary items of INR 18.22 a year ago.

Sarthak Industries Ltd. to Report Fiscal Year 2015 Results on May 30, 2015

Sarthak Industries Ltd. announced that they will report fiscal year 2015 results on May 30, 2015

Sarthak Industries Ltd., Board Meeting, May 30, 2015

Sarthak Industries Ltd., Board Meeting, May 30, 2015. Agenda: To consider and approve the audited financial results of the company for the quarter/ year ended on March 31, 2015; and to recommend dividend, if any, for the financial year ended March 31, 2015.

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