Atul Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 02:39 am EST
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Atul Ltd reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 11,378 million compared to INR 12,682.5 million a year ago. Revenue was INR 11,528 million compared to INR 12,911.1 million a year ago. Net income was INR 709.4 million compared to INR 1,051 million a year ago. Basic earnings per share from continuing operations was INR 24.04 compared to INR 35.6 a year ago. Diluted earnings per share from continuing operations was INR 24.04 compared to INR 35.6 a year ago.
For the nine months, sales was INR 35,135.3 million compared to INR 42,323.7 million a year ago. Revenue was INR 35,588.6 million compared to INR 43,230.3 million a year ago. Net income was INR 2,646.1 million compared to INR 4,205.3 million a year ago. Basic earnings per share from continuing operations was INR 89.69 compared to INR 142.45 a year ago. Diluted earnings per share from continuing operations was INR 89.69 compared to INR 142.45 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 
