Filatex India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 07:31 am EDT
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Filatex India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,078.4 million compared to INR 11,634.2 million a year ago. Revenue was INR 11,111 million compared to INR 11,739.2 million a year ago. Net income was INR 231 million compared to INR 251.6 million a year ago. Basic earnings per share from continuing operations was INR 0.52 compared to INR 0.56 a year ago. Diluted earnings per share from continuing operations was INR 0.52 compared to INR 0.56 a year ago.
For the six months, sales was INR 21,771.1 million compared to INR 21,867.1 million a year ago. Revenue was INR 21,845.5 million compared to INR 22,038 million a year ago. Net income was INR 407.2 million compared to INR 685.5 million a year ago. Basic earnings per share from continuing operations was INR 0.92 compared to INR 1.54 a year ago. Diluted earnings per share from continuing operations was INR 0.92 compared to INR 1.54 a year ago.
Filatex India Limited is an India-based company, which is engaged in the manufacture and trading of synthetic yarn and textiles. The Company manufactures polyester and polypropylene multifilament yarn, and polyester chips. It manufactures a variety of synthetic yarns, which consists of polyester partially oriented yarns (POY), polyester filament yarns, fully drawn yarns (FDY), drawn textured yarn (DTY), air textured yarn (ATY), polypropylene yarn (PPY) and narrow woven fabrics (NWF). The Company also provides specialty products, including filigree, ocean, chubby yarn, cotslon, soie FIL and Flexi FIL. Its range of POY includes semi-dull, black dope dyed, bright, FDY bright and FDY colored. It offers its clients textured yarns in all permutations and combinations, which include set, intermingled, crimped and interlaced type in semi-dull finish.