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garg furnace ltd (530615) Details

Garg Furnace Limited manufactures and sells alloy and non alloy steel products in India. The company offers alloy and non alloy steel ingots, wire rods, and wire rounds, as well as mig wires. It is also involved in the casting of iron products; and trade of iron, steel, and textile products. The company was founded in 1973 and is based in Ludhiana, India.

68 Employees
Last Reported Date: 10/13/16
Founded in 1973

garg furnace ltd (530615) Top Compensated Officers

Executive Chairman and Managing Director
Total Annual Compensation: 840.0K
Compensation as of Fiscal Year 2016.

garg furnace ltd (530615) Key Developments

Garg Furnace Ltd, Board Meeting, Nov 15, 2016

Garg Furnace Ltd, Board Meeting, Nov 15, 2016. Agenda: To consider the unaudited standalone earnings results for the second quarter and six months ended September 30, 2016.

Garg Furnace Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Garg Furnace Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported net sales of INR 96.303 million compared with INR 292.827 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 32.588 million compared with INR 36.287 million for the same period a year ago. Loss from ordinary activities before tax was INR 34.418 million compared with INR 56.933 million for the same period a year ago. Net loss was INR 34.418 million or INR 8.59 per basic and diluted share before and after extraordinary items compared with INR 41.577 million or INR 10.37 per basic and diluted share before and after extraordinary items for the same period a year ago. For the six months, the company reported net sales of INR 238.940 million compared with INR 573.183 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 102.581 million compared with INR 13.668 million for the same period a year ago. Loss from ordinary activities before tax was INR 108.433 million compared with INR 56.500 million for the same period a year ago. Net loss was INR 108.433 million or INR 27.05 per basic and diluted share before and after extraordinary items compared with INR 43.825 million or INR 10.93 per basic and diluted share before and after extraordinary items for the same period a year ago.

Garg Furnace Ltd, Annual General Meeting, Sep 30, 2016

Garg Furnace Ltd, Annual General Meeting, Sep 30, 2016, at 10:30 Indian Standard Time. Location: Registered office at Kanganwal Road V.P.O. Jugiana G.T. Road Ludhiana India

 

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