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garg furnace ltd (530615) Details

Garg Furnace Limited manufactures and sells alloy and non alloy steel products primarily in India. It offers alloy and non alloy steel ingots, wire rods, and wire rounds. The company also offers casting products, such as railway components, sugar mill parts, valves, and thermal parts; products for oil expellers, coal and mines, and fertilizer units; and products for automotive, cement, forging, heat treatment furnaces, petrochemical, and paper and pulp industries. In addition, it provides drawing products, such as MIG and MAG welding wires; scaffolding products, including bottom cups, clamps, couplers, ledger blades, jack nuts, thread bars, and top cups. Further, it is involved in casting of iron products; and trading iron, steel, and textile products. Garg Furnace Limited was founded in 1973 and is based in Ludhiana, India.

74 Employees
Last Reported Date: 09/1/15
Founded in 1973

garg furnace ltd (530615) Top Compensated Officers

Executive Chairman, Managing Director and Mem...
Total Annual Compensation: 840.0K
Managing Director and Whole Time Director
Total Annual Compensation: 720.0K
Woman Wholetime Director and Member of Shareh...
Total Annual Compensation: 600.0K
Compensation as of Fiscal Year 2015.

garg furnace ltd (530615) Key Developments

Garg Furnace Ltd, Board Meeting, Nov 14, 2015

Garg Furnace Ltd, Board Meeting, Nov 14, 2015. Agenda: To discuss earnings results for the second quarter and six months ended September 30, 2015.

Garg Furnace Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2015

Garg Furnace Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported net sales/income from operations of INR 292.827 million against INR 301.321 million for the same period previous year. Loss from operations before other income, finance costs and exceptional items was INR 36.287 million against profit from operations before other income, finance costs and exceptional items of INR 22.202 million for the same period of previous year. Loss from ordinary activities before tax was INR 56.934 million against profit from ordinary activities before tax of INR 4.259 million for the same period of previous year. Net loss for the period was INR 41.577 million or INR 10.37 per basic and diluted share compared to profit of INR 0.801 million or INR 0.20 per basic and diluted share for the same period of previous year. For the nine months, the company reported net sales/income from operations of INR 573.183 million against INR 655.729 million for the same period previous year. Loss from operations before other income, finance costs and exceptional items was INR 13.668 million against profit from operations before other income, finance costs and exceptional items of INR 43.304 million for the same period of previous year. Loss from ordinary activities before tax was INR 56.501 million against profit from ordinary activities before tax of INR 5.893 million for the same period of previous year. Net loss for the period was INR 43.825 million or INR 10.93 per basic and diluted share compared to profit of INR 1.168 million or INR 0.29 per basic and diluted share for the same period of previous year.

Garg Furnace Ltd, Annual General Meeting, Sep 30, 2015

Garg Furnace Ltd, Annual General Meeting, Sep 30, 2015.

 

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