Atul Ltd Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 20, 2023 at 04:09 am EDT
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Atul Ltd reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,937.1 million compared to INR 14,872.7 million a year ago. Revenue was INR 12,158.4 million compared to INR 15,191.3 million a year ago. Net income was INR 903.2 million compared to INR 1,509.1 million a year ago. Basic earnings per share from continuing operations was INR 30.6 compared to INR 51.11 a year ago. Diluted earnings per share from continuing operations was INR 30.6 compared to INR 51.11 a year ago.
For the six months, sales was INR 23,757.3 million compared to INR 29,641.2 million a year ago. Revenue was INR 24,060.6 million compared to INR 30,319.2 million a year ago. Net income was INR 1,936.7 million compared to INR 3,154.3 million a year ago. Basic earnings per share from continuing operations was INR 65.62 compared to INR 106.83 a year ago. Diluted earnings per share from continuing operations was INR 65.62 compared to INR 106.83 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.
ATUL LTD 
