Mumbai, India – 23 April 2012: BOC India Limited, a member of The Linde Group, announced its audited financial results for the quarter ended 31 March 2012, which were approved by the Company’s Board of Directors at its meeting held earlier today.
For Q1 2012 the Company reported a gross turnover of Rs 3,190 million, an increase of 39 percent as against Rs 2,296 million recorded in the same quarter last year. Profit before interest and exceptional item was lower by 21 percent from Rs 343 million in Q1 2011 to Rs 270 million in
Q1 2012 mainly due to a one-off effect last year. Net profit for the quarter stood at Rs 179 million, lower by 33 percent compared with Rs 267 million in Q1 2011.
The Gases business recorded a sales growth of 32 percent over the corresponding period last year. The turnover of the Project Engineering Division during the quarter grew by 39 percent compared to the previous year quarter due to new projects.
About BOC India Limited:
BOC India Limited (BOCI), a member of The Linde Group, is the leader in gases business in India since 1935. BOCI provides 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
strictest international standards of production and safety in the process.
For more information, please see BOC India Limited online at http://www.boc-india.com
About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 50,500 employees in more than 100 countries worldwide. In the 2011 financial year, it achieved sales of EUR 13.787 bn. 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 Group 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 http://www.linde.com