AYM Syntex Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 30, 2021 at 05:08 am EDT
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AYM Syntex Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 3,793 million compared to INR 2,123.6 million a year ago. Revenue was INR 3,796.8 million compared to INR 2,128.5 million a year ago. Net income was INR 132.3 million compared to INR 9.2 million a year ago. Basic earnings per share from continuing operations was INR 2.64 compared to INR 0.25 a year ago. Diluted earnings per share from continuing operations was INR 2.61 compared to INR 0.25 a year ago.
For the six months, sales was INR 6,852.6 million compared to INR 3,035.1 million a year ago. Revenue was INR 6,874.4 million compared to INR 3,043.4 million a year ago. Net income was INR 224.7 million compared to net loss of INR 154.7 million a year ago. Basic earnings per share from continuing operations was INR 4.49 compared to basic loss per share from continuing operations of INR 3.03 a year ago. Diluted earnings per share from continuing operations was INR 4.44.
AYM Syntex Limited is an India-based company that is engaged in manufacturing of multi-polymer and specialty synthetic yarns. The Company manufactures and exports polyester filament yarn, nylon filament yarn and bulk continuous filament yarns (BCF) from India. The Company produces polyester, nylon six, polypropylene and polyester microfiber yarns, which are used for carpets, rugs and mats. Its BCF yarns include Rezilia, Sorenyl, Ecose, Comfeel, Sparkle, Polycycle, Polymagic, Wonderfeel, Polywonder, Greenova, Silkenza, Synergy and Opulenz. Its textile yarns include synthetic solution dyed yarn, synthetic package dyed yarn, mother fully drawn yarn (FDY), mono yarn, highly oriented yarn (HOY), partially oriented yarn (POY), draw texturized yarn (DTY), air textured yarn (ATY), air covered yarn (ACY), recycled yarn, high tenacity yarn and raw white. The Companyâs multipolymer textile and BCF yarn manufacturing facility is located in Silvassa.