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birla precision tech ltd (522105) Details

Birla Precision Technologies Limited manufactures, sells, and exports cutting tools and castings worldwide. It operates in two segments, Tools and Precision Components, and Casting and Machining. The company offers work holding products, including speed indexers, and expanding mandrels and sleeves; and precision machined components. It also provides rotating tool holders, which include standard products comprising collet chucks, end mill holders, shell mill holders, drill chucks and morse taper holders, boring bar blanks, and collets and pull studs; and advanced products consisting of hydraulic chucks and shrink fit holders. In addition, the company offers machined castings that comprise shell molded casting auto components, such as outlet housings, valve bodies, diffuser plates, and turbo chargers; and high precision fuel injection system parts, including retainer shafts, adaptors, guides, covers, and housings. Its products are primarily used in the automobile and engineering sectors. The company was formerly known as Birla Kennametal Limited and changed its name to Birla Precision Technologies Limited in November 2007. Birla Precision Technologies Limited was founded in 1986 and is based in Aurangabad, India.

Founded in 1986

birla precision tech ltd (522105) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: 1.8M
Compliance Officer and Company Secretary
Total Annual Compensation: 231.0K
Compensation as of Fiscal Year 2015.

birla precision tech ltd (522105) Key Developments

Birla Precision Technologies Ltd Announces Resignation of Mohandas Shenoy Adige as Independent Director

Birla Precision Technologies Ltd. has announced that Shri Mohandas Shenoy Adige, independent director of the company has resigned from the board of the company with effect from July 11, 2016.

Birla Precision Technologies Ltd. Announces Executive Changes

Birla Precision Technologies Ltd. announced that Shri. Shamraj Gilbile, Whole Time Director (Key Managerial Personnel) of the company has resigned from the board of the company with effect from June 28, 2016. Further the company has informed that, the company has been informed by Shri. Om Prakash Jain of the change in the status of his Directorship as Non Executive Director.

Birla Precision Technologies Ltd Reports Standalone Audited Earnings Results for Fourth Quarter and Full Year Ended March 31, 2016

Birla Precision Technologies Ltd. reported standalone audited earnings results for fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net sales/income from operations of INR 389.233 million, loss from operations before other income and finance costs and exceptional items of INR 18.318 million, loss from ordinary activities before tax of INR 21.053 million, net loss of INR 2.254 million or INR 0.04 per basic and diluted share, compared to the net sales/income from operations of INR 401.421 million, loss from operations before other income and finance costs and exceptional items of INR 2.655 million, loss from ordinary activities before tax of INR 15.141 million, net loss of INR 13.039 million or INR 0.25 per basic and diluted share, for the same quarter a year ago. For the year, the company reported net sales/income from operations of INR 1,492.75 million, loss from operations before other income and finance costs and exceptional items of INR 20.712 million, loss from ordinary activities before tax of INR 32.683 million, net loss of INR 10.772 million or INR 0.2 per basic and diluted share, compared to the net sales/income from operations of INR 1,541.075 million, profit from operations before other income and finance costs and exceptional items of INR 38.322 million, profit from ordinary activities before tax of INR 0.219 million, net loss of INR 5.929 million or INR 0.11 per basic and diluted share, for the previous year.

 

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