Mumbai, India – 27 October, 2014: Linde India Limited, a member of The Linde Group, announced its unaudited financial results for the quarter ended 30th September 2014, which were approved by the Company’s Board of Directors at its meeting held earlier today.
For Q3 2014 the Company reported a gross turnover of Rs 4,049 million, an increase of 17 percent as against Rs 3,455 million recorded in the same quarter last year. The gases business recorded a growth of 27 percent; however, the turnover of the engineering business net of inter-segment revenue is lower by 24 percent compared to same quarter last year on account of delay in new projects.
The Operating profit of the Company increased by 5% and stood at Rs 678 million as compared to Rs. 645 million in same quarter last year. The Company recorded a net profit of Rs 11 million after taxes compared to Rs 100 million in same quarter last year. The decrease was mainly due to higher depreciation for the newly capitalized plants and higher interest costs.
About Linde India Limited:
Linde India Limited, formerly known as BOC India Limited, is the leader in gases business in India since 1935, providing a one-stop solution to all businesses for gas supply and related equipment and services. We manufacture cryogenic and non-cryogenic vessels and also design and commission projects. The company has excelled through successfully blending local innovation and adaptation with international expertise from The Linde Group. Be it for food processing, medical, domestic or industrial use, Linde India provides tailor-made solutions for its customers, conforming to the strictest international standards of production and safety.
For more information, see Linde India online at www.linde.in
About The Linde Group
In the 2013 financial year, The Linde Group generated revenue of EUR 16.655 bn, making it the largest gases and engineering company in the world with approximately 63,500 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.com