Mumbai, India – 2 May, 2014: Linde India Limited, (formerly knows as BOC India Limited) a member of The Linde Group, announced its unaudited financial results for the quarter ended 31st March 2014, which were approved by the Company’s Board of Directors at its meeting held earlier today.
For Q1 2014 the Company reported a gross turnover of Rs. 3,723 million, an increase of 8 percent as against Rs. 3,449 million recorded in the same quarter last year. The gases business recorded a growth of 16 percent; however, the turnover of the engineering business net of inter-segment revenue is lower by 32 percent compared to same quarter last year on account of delay in new projects.
The Company recorded a loss of Rs. 78 million before taxes compared to a profit of Rs. 195 million in same quarter last year. The decrease was mainly due to higher depreciation for the newly capitalized plants and higher finance 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: The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.28 bn. The strategy of the 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