Atul Ltd Announces Audited Earnings Results for the Year Ended March 31, 2018
June 30, 2018 at 07:06 am EDT
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Atul Ltd. announced audited earnings results for the year ended March 31, 2018. For the year, the company reported revenue from operations of INR 31,475.6 million as compared to INR 28,482.7 million a year ago. Profit before tax was INR 3,972.5 million as compared to INR 4,005.2 million a year ago. Profit for the year was INR 2,704.1 million as compared to INR 2,853.0 million a year ago. Basic and diluted earnings per equity share were INR 91.16 as compared to INR 96.18 a year ago. Net cash flow from operating activities was INR 3,251.4 million as compared to INR 3,699.7 million a year ago. Payments towards property, plant and equipment (including capital advance) was INR 1,140.4 million as compared to INR 1,756.5 million a year ago.
Atul Ltd is an India-based company, which is in the business of life science chemicals and performance, and other chemicals. It serves to various industries across the world, such as adhesives, agriculture, animal feed, automobile, composites, construction, cosmetic, defense, dyestuff, electrical and electronics, flavor, food, footwear, fragrance, glass, home care, horticulture, hospitality, paint and coatings, paper, personal care, pharmaceutical, plastic, polymer, rubber, soap and detergent, sport and leisure, textile, tire, and wind energy. It operates through three segments: Life Science Chemicals, Performance and Other Chemicals, and Others. Its Life Science Chemicals segment offers active pharmaceutical ingredients (APIs), API intermediates, fungicides and herbicides. Its Performance and Other Chemicals segment offers adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, and textile dyes. Its Others segment offers agribiotech, food products and services.