Thejo Engineering FY13 net surges 44% to Rs 14cr

Operating income up 16% at Rs 133 crore

Chennai-based Thejo Engineering Ltd, which offers solutions for bulk material handling, mineral processing and corrosion protection to the Core Sector Industries, has posted a 44% increase in net profit excluding exceptional items, at Rs 14.38 crore, for financial year 2012-13.

Post-tax profit stood at Rs 9.75 cr yielding an EPS of more than Rs 65.   

According to a press release issued by the company on May 31, Thejo Engineering has earned an operating income of Rs 133 crore for the full year 2012-13, up 16% of the previous financial year.

The company has declared a dividend of 50%, or Rs 5 per share, for the first year after going public. The company was the first to get listed on the EMERGE platform of the National Stock Exchange.

The release says Thejo Engineering has secured certain orders for mill liners from mines in Ghana and is intensifying its marketing efforts to capture a larger market space in the West African region. It is also exploring the South American market, particularly Brazil and Chile, to establish its footprint.