Ushdev International Ltd (UIL), a leading corporate house engaged in the Trading of Metals and Generation of Power, has reported its Financial Performance for the second quarter and half year ended September 30, 2013.
Consolidated Total Sales for the quarter ended September 30, 2013 stood at Rs 2,796 crores, registering a jump of 47%, as compared to Rs 1,906 crores in the in the corresponding period previous year.
Consolidated Net Profit for Q2FY14 stood at Rs 44 crores, up by 112% as compared to Rs 20 crore in the corresponding period previous year.
For the half year ended September 30, 2013, the Company’s Consolidated Total Sales stood at Rs 4,841 crores, up by 38%, as compared to Rs 3,511 crores in the corresponding period previous year. Consolidated Net Profit for H1FY14 stood at Rs 74 crores, a rise of 65% as compared to Rs 45 crores in the corresponding period last year.
On the Standalone basis, Net Profit for Q2FY14 stood at Rs 16 crores, up by 15% as compared to Rs 14 crores in the corresponding period previous year.
The Board of Directors of the Company at its meeting held on October 29, 2013 has approved and taken on record the financial results of the Company for the quarter and half year ended September 30, 2013.
Commenting on the second quarter performance, Mr. Prateek Gupta, Vice-Chairman, Ushdev International Ltd, said, “The group has been consciously exploring new opportunities for business both in terms of product and geography. Quarterly performance is result of those efforts. ”
Earnings per share (EPS) for the H1FY14 stood at Rs 21.85.
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