Bharat Rasayan Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 11, 2021 at 05:34 am EST
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Bharat Rasayan 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 2,691.3 million compared to INR 3,184.6 million a year ago. Revenue was INR 2,718.7 million compared to INR 3,205.1 million a year ago. Net income was INR 264.7 million compared to INR 352.7 million a year ago. Basic earnings per share from continuing operations was INR 63.7 compared to INR 83.01 a year ago. Diluted earnings per share from continuing operations was INR 63.7 compared to INR 83.01 a year ago.
For the six months, sales was INR 5,209.3 million compared to INR 6,001.5 million a year ago. Revenue was INR 5,267.7 million compared to INR 6,034.2 million a year ago. Net income was INR 659.5 million compared to INR 819.7 million a year ago. Basic earnings per share from continuing operations was INR 158.72 compared to INR 192.93 a year ago. Diluted earnings per share from continuing operations was INR 158.72 compared to INR 192.93 a year ago.
Bharat Rasayan Limited is an India-based company engaged in offering agriculture products. The Company is engaged in manufacturing technical grade pesticides, formulations and intermediates. The Companyâs products include Insecticides, which consists of Zeta Cypermethrin, Alphacypermethrin, Bifenthrin, Cypermethrin, Acetamiprid, Diafenthiuron, Bifnthrin, Fenvalerate, Permethrin, Thiamethoxam, Imidalcloprid and Fipronil; Herbicides, which include Chlorimuron Ethyl, Clodinafop Propargyl, Diuron, Metsulfuron Methyl, Metribuzin, Pendimethalin and Sulfosulfuron; Fungicides, which include Myclobutanil, Tebuconazole and Difenoconazole, and Intermediates, which include Meta Phenoxy Benzaldehyde, Meta Phenoxy Benzyl Alcohol, Para Chloro Benzyl Cyanide and Cypermethrin Acid Chloride. The Company's plants are located at Rohtak, Haryana and Bharuch, Gujarat. The Company's plant at Haryana, has a capacity of 4,260 metric tons (MT) per annum and also facilities for bulk packaging of formulations.