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Nitin Fire Protection Industries Limited Source Name: Nitin Fire Protection Industries Limited

Nitin Fire Protection Consolidated Net Sales Up 13% to Rs. 1146.56 Crore in FY15

May 25, 2015   19:14 IST 
Mumbai, Maharashtra, India

Nitin Fire Protection Industries Ltd (NFPIL) leading fire protection engineering and solutions provider today announced its financial results for the fourth quarter and full year ended March 31st 2015.

 

Performance Highlight for FY15:

Consolidated:

The consolidated net sales for the FY15 stood at Rs. 1146.56 crore up by 12.84% as against Rs.1016.12 crore in FY14. The consolidated EBITDA for the year was Rs. 115.50 crore as against Rs.113.67 crore in the similar period last year. The consolidated net profit in FY15 was Rs. 67.11 crore compared to Rs. 66.52 crore in FY14.

 

Standalone:

The Standalone net sales for the FY15 stood at Rs 488.97 crore up by 7.36% as against Rs 455.44 crore in FY14. The standalone EBITDA for the year stood at Rs. 37.77 crore as against Rs. 39.19 crore in the similar period last year. The standalone net profit in FY15 was Rs. 13.57 crore, registering a jump of 23.62% as compared to Rs. 10.98 crore in FY14.

 

Performance Highlight for Q4FY15:

Standalone:

The Standalone net sales for the Q4FY15 stood at Rs. 112.12 crore against Rs 155.00 crore in Q4FY14. The standalone EBITDA for the quarter stood at Rs. 7.81 crore as against Rs. 8.29 crore in the similar period last year. The standalone net profit in Q4FY15 was Rs. 2.63 crore, compared to Rs. 0.93 crore in Q4FY14 up by 182.89% .

 

Management comments:

Commenting on the results, Mr. Nitin Shah, Chairman of the Board said, “Despite the weak macroeconomic conditions, we are pleased to report yet another positive financial year. Our UAE business is picking up and the order book is increasing consistently. We are looking at spreading our wings and constantly upgrading our product offerings for expanding our customer base.”

 

He further added, With improving sentiments and increase in demand for our products we foresee the growth trend to improve going forward and become a billion dollar company by the year 2020.”

 

About Nitin Fire Protection Industries Limited - [BSE: 532854, NSE: NITINFIRE]

Nitin Fire Protection Industries Limited [NFPIL] is a global comprehensive solution provider in the fire protection business providing solutions, including procurement, designing, system integration, commissioning and installation of fire protection safety solutions. The company has expanded its presence globally to Europe, Middle East and South East Asia through its subsidiaries. For more information, please visit www.nitinfire.com

 

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