By Jagdish Kumar2015-11-12T09:25:00+00:00
Linde India Limited, formerly known as BOC India Limited, has recorded an increase in turnover of Rs 288m ($4.3m approx.) for the third quarter (Q3) ended 30th September 2015.
During the quarter, the company reported a gross turnover of Rs 4.37bn ($66m), registering an increase of 8% compared to Rs 4.049bn recorded in the same quarter last year, the company said in a statement to Bombay Stock Exchange (BSE).
Linde India also said that the gases business recorded a growth of 8%, while the engineering business revenue grew by 6% compared to last year.
The company’s profit before tax was higher, by Rs 8.1m at Rs 10.4m, on account of lower finance costs and depreciation, compared to Rs 2.27m posted during the same quarter last year.
Total expense during the quarter was also up to Rs 3.84bn ($58m), against Rs 3.50bn expense incurred during the same quarter last year.
Overall, during the three-month period from April to September 2015, the company’s gross sales also recorded a growth of Rs 770m ($11m), at Rs 12.35bn ($187m), compared to Rs 11.58bn during April to September 2014.
With no trading on its share in The Calcutta Stock Exchange Ltd (CSE), The Linde Group’s India arm has decided to delist from the exchange.
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