Linde India Reports Robust Financial Performance with Rs 5,358 Million Profit for Extended 15-Month Period

Linde India Limited , a key player in the industrial gases and engineering sector, has announced strong financial results for the extended 15-month period ended March 31, 2023. The company's performance showcases significant growth in both profit and revenue, reflecting its resilience and operational efficiency during this transitional period.

Financial Highlights

Metric	15 months ended March 31, 2023	Year ended December 2021	Change
Profit	Rs 5,357.71 million	Rs 5,139.44 million	+4.2%
Revenue from Operations	Rs 31,355.20 million	Rs 21,119.58 million	+48.5%
Earnings per Share	Rs 62.82	-	-

The company's profit saw a modest increase of 4.2% compared to the previous year, while revenue from operations surged by 48.5%. This substantial growth in revenue underscores Linde India's strong market position and effective business strategies.

Business Segments

Linde India operates primarily in two key business segments:

Gases and Related Products & Services
Project Engineering

These segments contribute to the company's diverse portfolio and its ability to cater to various industrial needs.

Dividend Announcement

Linde India's Board has recommended a substantial dividend:

Total dividend: 1200% (Rs 12 per equity share of Rs 10 each)
Includes a special dividend of 75% (Rs 7.50 per share)

This generous dividend payout reflects the company's strong financial position and commitment to delivering value to its shareholders.

Change in Financial Year

It's important to note that Linde India has transitioned its financial year from the calendar year to the April-March cycle. As a result, the current reporting period covers 15 months, making it a transitional period. This change aligns the company with the standard financial year followed by many Indian corporations.

Regulatory Compliance

The company disclosed that it received inquiries from the Securities and Exchange Board of India (SEBI) regarding certain related party transactions. However, Linde India's management has expressed confidence in its compliance with all regulatory requirements.

Outlook

While the company has shown strong performance, it's crucial for investors to consider the extended reporting period when analyzing year-over-year comparisons. The significant revenue growth and stable profitability indicate a positive trajectory for Linde India, potentially positioning it well for future growth in the industrial gases and engineering sectors.

Investors are advised to conduct their own research and consider market conditions and company fundamentals when making investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.76%	-1.55%	-3.71%	-5.09%	-21.44%	+621.52%

Linde India Limited has issued a clarification regarding recent media reports about a potential Rs. 82 crore investment in Khordha, Odisha. The company stated that the investment is still under discussion and has not been finalized, contrary to some news articles suggesting otherwise.

Investment Status

The clarification comes in response to a news article published on Odishatv.in on September 19, titled "Odisha gets Rs 82 crore GCC investment; Linde India to set up Centre in Khordha, create 210 jobs". Linde India has emphasized that the proposed investment is currently at a preliminary stage.

Key Points of Clarification

Non-binding MoU: The company revealed that it is in discussions with the Odisha State Government under a non-binding Memorandum of Understanding (MoU).
Premature Reports: Linde India stated that it is premature to comment further on the news reports appearing in mainstream media.
Ongoing Discussions: The company confirmed that talks are ongoing, but no final decisions have been made regarding the investment.

Commitment to Transparency

In its communication to the stock exchanges, Linde India reaffirmed its commitment to accurate and timely disclosures. The company stated:

"We wish to state that the Company has robust processes to comply with its disclosure obligations and is committed to making accurate and adequate disclosures in a timely manner as required by Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended."

Investor Considerations

While the potential investment in Khordha has garnered attention, investors and stakeholders are advised to await official announcements from Linde India regarding any concrete developments. The company's clarification serves as a reminder of the importance of relying on verified information directly from the source.

Linde India continues to engage with the Odisha State Government, and any material decisions or agreements will be communicated through proper channels in compliance with regulatory requirements.