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| Exchange Disseminated Time | Balkrishna Industries Ltd has announced the following results for the quarter ended December 31, 2014:
The Unaudited Standalone results for the Quarter ended December 31, 2014
The Company has posted a net profit of Rs. 1299.00 million for the quarter ended December 31, 2014 where as the same was at Rs. 1238.50 million for the quarter ended December 31, 2013. Total Income is Rs. 9635.60 million for the quarter ended December 31, 2014 where as the same was at Rs. 8896.50 million for the quarter ended December 31, 2013.
"The Scheme of arrangement (Scheme) under section 391 to 394 of the Company's Act 1956 between Balkrishna Industries Limited (BIL), Balkrishna Paper Mills Limited (BPML), Nirvikara Paper Mill Limited (NPML), their respective shareholders and creditors has been approved by Hon’ble High Court of Bombay and the order has been filed with the Registrar of Companies, Mumbai, on 10th February, 2015. Pursuant to the Scheme, (a) BPML stands amalgamated with BIL with effect from the appointed date, i.e., 1st April 2013 and (b) the Paper Division has been demerged to NPML with effect from the effective date, i.e.. 10th February 2015. Further, the figures for current quarter, previous quarter and nine months ending on 31st December, 2014 have been reworked and re-stated after giving effect to the Scheme of arrangement. Consequently, those figures are not comparable with their respective period relating to previous year." |
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