AYM Syntex Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 29, 2022 at 07:33 am EST
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AYM Syntex Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 4,008.9 million compared to INR 2,941.8 million a year ago. Revenue was INR 4,009.5 million compared to INR 2,946.2 million a year ago. Net income was INR 143.7 million compared to INR 107.8 million a year ago. Basic earnings per share from continuing operations was INR 2.86 compared to INR 2.19 a year ago. Diluted earnings per share from continuing operations was INR 2.82.
For the nine months, sales was INR 10,861.5 million compared to INR 5,976.9 million a year ago. Revenue was INR 10,884 million compared to INR 5,989.6 million a year ago. Net income was INR 368.4 million compared to net loss of INR 46.9 million a year ago. Basic earnings per share from continuing operations was INR 7.35 compared to basic loss per share from continuing operations of INR 0.84 a year ago. Diluted earnings per share from continuing operations was INR 7.26 compared to diluted loss per share from continuing operations of INR 0.84 a year ago.
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.